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.