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Lisi Group Acquires Majority of Termax

Tuesday, October 10, 2017
 
Lisi Group, Paris, France, announced that it has entered into a binding agreement to acquire 51 percent of the share capital of Termax Corp., Lake Zurich, IL, a manufacturer of fastening systems for automotive interiors. Lisi Automotive, a division of Lisi Group, serves as a supplier and development partner for automotive OEMs and Tier One suppliers of fasteners and components. The acquisition will expand Lisi Automotive’s presence to the North American market.

The transaction is a two-step structured acquisition, with Termax shareholders committing to sell 51 percent of the company’s share capital to Lisi Automotive now and the rest of the remaining shares by the fiscal year 2021, at which point Lisi Automotive will own 100 percent of the share capital of Termax. Termax will be consolidated with the Lisi Group upon close of the first step (expected by the end of this year).

For more information, visit www.lisi-automotive.com/en and www.termax.com.

Solar Atmospheres SC Facility Expands NADCAP Certification

Monday, October 9, 2017
 
Solar Atmospheres, a provider of vacuum-heattreating and brazing services, announced that its Greenville, SC, facility has earned an expansion in the scope of its NADCAP approval to include vacuum-furnace brazing for aerospace manufacturing. The expansion dovetails with the growing aerospace-manufacturing cluster in the Southeast United States.

For more on Solar Atmospheres’ services, visit www.solaratm.com.


Metalforming Industry Movers & Shakers

Friday, October 6, 2017
 
Waukesha Metal Products, Sussex, WI, a provider of stamping, fabrication, component-assembly and tool- and die-manufacturing services, announced the hire of Stephen Anderson as vice president of finance/CFO.

For more on Waukesha’s manufacturing services, visit www.waukeshametal.com.


 

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