DETROIT - Richard Donnelly, former president of General Motors Europe, has taken another step in his plan to build a global auto parts company.
The acquisition last week of Micro Craft Inc. of Novi, Mich., from owner William Brown gives Donnelly and leveraged buyout firm Ripplewood Holdings LLC a stronger position in North America for the automotive switch business. Terms were not disclosed.
Donnelly made a stir in Japan last year when he and Ripplewood bought Niles Parts Co. Ltd., an automotive switch maker that was 40 percent owned by Nissan Motor Co. Ltd.
"This move is an important step in Niles' capability in North America, Europe and Asia," says Donnelly, chairman of Niles and an industrial partner in Ripplewood of New York. "Micro Craft will give us new switch technology, a U.S.-based research and development center, and manufacturing facilities."