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Vari-Form Joins Crowne Group

Friday, September 11, 2015
Vari-Form, Troy, MI, a manufacturer of lightweight, hydroformed structural parts for pickup trucks, SUVs and light vehicles, has announced the acquisition of the company by Crowne Group, LLC. Terms of the transaction were not disclosed.
“We are excited to begin working with Crowne, a known leading manufacturer and distributor of component parts in the automotive industry, which has strong long-term relationships with many of its top customers including OEMs and Tier One suppliers,” says Jim Maraz, Vari-Form chief financial officer. “Combining our industry knowledge and building on our customer relationships will enable Vari-Form to maintain and further develop its product offerings for our OEM and supplier partners.”
Adds Stephen Graham, chief financial officer of Crowne: “Vari-Form represents an excellent strategic fit for Crowne with its industry-leading hydroforming technology and strong and expanding base of blue-chip customers, comprised of leading OEMs, Tier One suppliers and a growing number of European and Asian carmakers. We are excited to continue to expand our automotive product offerings and technologies and look forward to working with Vari-Form to successfully execute our growth strategy.”
Vari-Form has three manufacturing locations in North America with a technical center in Strathroy, Ontario, Canada, and a workforce of approximately 400 employees. Vari-Form also is expanding its global footprint with new plants under joint-venture relationships in Mexico and Italy, scheduled to begin operations this year.
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