Metzeler Automotive Profile Systems-North America said today that it has completed its acquisition of GDX Automotive and has changed its name to Henniges Automotive.
Henniges' headquarters will officially be transferred to GDX's previous headquarters in Farmington Hills, Mich., at the beginning of next year.
Metzeler, a leading sealing systems supplier, is owned by private-equity firm Wynnchurch Capital. The company announced its intention to acquire GDX Automotive in October and closed the deal on Friday, said Boris Gavric, senior manager of global product strategy.
Wynnchurch purchased GDX from Chrysler LLC parent Cerberus Capital Management L.P. of New York for an undisclosed price.
On Aug. 31, Michigan-based Cooper-Standard Automotive Inc. acquired Metzeler's European operations, as well as the rights to the Metzeler name from CVC Capital Partners, a London private-equity firm. That made it necessary for Wynnchurch to change Metzeler's name in North America.
Henniges is GDX Automotive's most recognized brand. Founded in Germany by Ernst Henniges in 1951, Henniges is a line of molded rubber, plastic and metal components designed to minimize noise, vibration and harshness in the automotive industry.
Wynnchurch had acquired Metzeler's North American business, which was headquartred in Madison Heights, Mich., in September.
Together, Metzeler's North American operations and GDX Automotive had annual sales of $700 million in 2006.
"As Henniges Automotive, we are better positioned to serve our customers globally, while strengthening our position in North America," said Robert DePierre, chief executive officer of Metzeler Automotive, in a statement.