ABC Technologies Holdings Inc., a leading manufacturer and supplier of highly engineered, custom, technical plastics and lightweight innovations to the global automotive industry, recently informed that it has completed the previously-announced acquisition of WMG Technologies from the Bierer family for US$165 million with potential earn-out payments that may become payable upon the achievement of specific profitability targets over the next couple of years.
ABC Technologies Holdings Inc. serves over 25 original equipment manufacturer customers worldwide through a strategically-located footprint. Interior systems, external systems, HVAC, fluids, and others are the three categories of products that the company provides to its customers.
Nevertheless, the company utilized its credit facilities in accordance with the modified and restated credit agreement dated December 5, 2022, in order to provide funding for the First Closing.
About WMG
WMGT is a top tier-1 and tier-2 supplier to major global automobile OEMs with headquarters in Windsor (Ontario) and locations around North America. The company is the go-to source for sophisticated tooling for injection molded exterior and interior parts, lighting molds, and optic inserts. It also offers a wide range of supplementary exterior goods.