Brose to aquire former Mopar plant in Michigan
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DETROIT -- Brose North America Inc. today announced it will acquire a former Mopar plant in the Detroit suburb of New Boston.
Brose, the North American unit of German supplier Brose Fahrzeugteile GmbH & Co., acquired the 380,000-square-foot plant on the heels of new contracts with Chrysler Group LLC and Ford Motor Co.
The new plant will supply door modules to Chrysler's Jeep brand at its Toledo North Assembly Plant and undisclosed Ford models, the company said in a statement.
The plant, Brose's third in the state, will begin production in early 2013 and Brose is expected to hire 450 and invest $60 million at the New Boston plant and its other SE Michigan locations in Auburn Hills and Warren by 2017.
The Michigan Economic Development Corp. also approved $3.5 million in tax incentives toward the project. Huron Charter Township is also offering a 12-year property tax abatement.
The electronics and electric motor drive supplier currently employs 650 in Michigan and generated revenue of $1 billion in 2011 in North America.
