DETROIT -- Chrysler LLCs Twinsburg, Ohio, stamping plant, which is slated for closure, has drawn inquiries from two potential buyers, according to court statements filed in connection with the automakers bankruptcy hearing.
Chrysler plans to transfer production of metal parts from Twinsburg to the Warren Stamping and Sterling Stamping plants in suburban Detroit by March 2010.
The inquiries, according to court filings late Tuesday, came from these groups:
Q3 Industries Inc. of Columbus, Ohio. The company has combined a number of stamping operations. CEO Francis Price acquired the Superior Tool & Die operations in Columbus in 1992 and immediately renamed it Q3 Stamped Metal Inc., according to the companys Web site.
On May 15, Chrysler provided the company with a 2008 profit-and-loss statement that covered not only Twinsburg but also each of the eight factories that Fiat does not propose to take over as part of a new Chrysler. It is awaiting a formal offer.
Kevin Jones, managing partner at Magna Saxum Advisors LLC, told Automotive News that he is involved in due diligence on behalf of Q3, though it is far from a deal yet.
Were doing some initial blocking and tackling, he said.
Park Corp., a privately held industrial company in Cleveland. The document said the next step in preliminary talks would be the signing of a confidentiality agreement.
Peter Steiner, Parks vice president of business development and automotive, declined to comment.
Details about the Twinsburg plant came largely from a declaration by Robert Manzo, executive director of Capstone Advisory Group LLC, a financial advisory firm hired by Chrysler.