GDX Automotive has acquired the Canadian and Mexican sealing, glass-encapsulation and molded-rubber-products units of SaarGummi GmbH of Germany.
The purchase will boost GDX's annual sales by about $80 million and expand its customer base, the company said in a statement.
Terms of the deal were not disclosed.
GDX of Farmington Hills, Mich., said it acquired five units in Quebec, about 70 miles east of Montreal, and a factory near Guadalajara, Mexico.
SaarGummi sold the units as part of its consolidation of operations to Europe, South America and Asia, where it has a stronger presence, says Henrik Fastrich, managing partner of Orlando Management GmbH of Munich, Germany. The private-equity firm bought SaarGummi in August.
SaarGummi retains ownership of its 4-year-old site in Pulaski, Tenn., which is dedicated to factories of BMW AG and DaimlerChrysler AG, Fastrich said. SaarGummi is closing its North American headquarters in Ann Arbor, Mich.
The deal adds 1,000 employees to GDX, which already had about 7,000 worldwide.
The company has made no decisions about changes at the new sites, said Brent Fischmann, GDX's vice president of global sales and marketing.
"We're very excited about acquiring the capacity and having 1,000 new associates," he said.
"We're the same kinds of companies. There's a good fit in products and technology."
Fischmann said General Motors and DaimlerChrysler were SaarGummi's largest customers in Canada and Mexico, so the purchase strengthens GDX's positions with those automakers.
Morris Rowlett, CEO of GDX, said the move also bolsters GDX's relationships with Ford Motor Co. and Volkswagen AG and gives the company a new global platform in Mexico.
The acquisition is GDX's second this year. In March, it bought the vibration-damper assets of BorgWarner Inc.
GDX Automotive ranks No. 108 on the Automotive News list of the top 150 suppliers to North America, with estimated North American original-equipment automotive parts sales of $365 million in 2004.