LISI Group has announced the signing of an agreement with ARCH Global Precision LLC for the acquisition of 100% of the assets of Hi-Vol Products LLC.
Hi-Vol Products is a US manufacturer of mechanical safety components for the automotive industry – with a recognised speciality in brake system fitting screws and components for direct injection petrol engines.
Established in 1951, Hi-Vol Products has experienced significant growth in recent years by developing stainless steel distribution components for the new generation of direct injection gasoline engines. It now has two production sites in Livonia (Michigan, USA) with strong skills in cold forging, machining and high-speed automatic control. With approximately 130 employees, it achieved a turnover of nearly US$40 million in 2017.
“With Hi-Vol Products, LISI Automotive strengthens its global position in mechanical safety components. The two Livonia sites will reinforce the LISI Automotive Safety Mechanical Components Business Group, already present in Europe, China and Mexico. This acquisition will allow us to accelerate our development in the United States and benefit from a strong technical base in North America,” said François Liotard, CEO of LISI Automotive.
Having held senior management roles in leading automotive and fastener businesses, Phil joined Fastener + Fixing Magazine as editor in 2002. Convinced there is no substitute for ‘being there’, over 15 years of visits and interviews around the world means he has accumulated an extraordinary knowledge and perspective of the global fastener industry, reflected in his incisive and thought provoking reporting.