Register now for free access to - this week only.

Turnaround guru buys GM plant

DETROIT - The CEO of a company specializing in turning around troubled General Motors supplier companies has acquired controlling interest in a former GM plant. ACSYS Technologies Inc., controlled by B.N. Bahadur, on Wednesday, Sept. 12, acquired the assets of Peregrine Oshawa Inc. to form a supplier of exterior fascia modules and plastics as well as steel component systems.

Bahadur also is CEO of turnaround firm BBK Ltd. of Southfield, Mich.

Terms were not disclosed.

ACSYS operates a 1.6 million-square-foot plant in Oshawa, Ontario. The Oshawa plant was one of four parts plants that GM sold in 1996 to a New York investment company that created Peregrine Inc. of Southfield, Mich.



ATTENTION COMMENTERS: Over the last few months, Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.