Bosch focuses on Michigan
Robert Bosch Corp. is preparing to move the headquarters of its North American automotive brake group to Farmington Hills, Mich.
The relocation of the Bosch group's headquarters from its South Bend, Ind., offices is expected to be complete by June 1999, said spokeswoman Beverly Pierce. The company employs 450 at its headquarters, but how many will transfer is unclear.
The move coincides with Bosch's plans to build a new North American headquarters adjacent to its Farmington Hills location. Bosch assumed the lease on the South Bend buildings when it acquired the ABS braking business of AlliedSignal last year for $1.5 billion.
Findlay buys German firm
Findlay Industries Inc. has made a major thrust into Europe with the purchase of the door-panel business of German supplier EMPE Autoteile GmbH.
The transaction, completed for an undisclosed price this month, merges two companies that make similar soft-trim door components.
Findlay, based in Findlay, Ohio, takes ownership of the central office and manufacturing plant of EMPE's door group in Geretsried, Germany, as well as three other German plants. The deal also includes two plants in Spain and a plant planned for England.
Excel expands plastics plant
Excel Industries Inc. has begun a major expansion at a plastics plant to support a big order from General Motors.
The expansion supports an $8 million a year contract recently awarded by GM to Excel's Plastics Products Group. In fall 1998, the Nyloncraft plastics plant in Mishawaka, Ind., will begin producing exterior trim components and rear slide window frames for GM's redesigned C/K line of pickup trucks.
Excel, based in Elkhart, Ind., will spend about $6 million over the next year to add six injection molding presses and other secondary equipment to the plant.