Michigan, US – Inoac USA, whose products include polyurethanes, has bought out the 50% equity share held by ABC Technologies in their former joint venture. It includes four facilities, and more than 1200 employees.
The company said this will better enable Inoac Exterior Systems to drive its strategy in the North American automotive exterior parts market.
“We will provide the same high quality and consistent delivery performance, as well as increase our focus on customer satisfaction, innovation and strategic investments in the automotive exteriors market,” said Inoac USA’s president Rob DePotter. “The acquisition places Inoac in a strong position to leverage scale across our North American businesses and manufacturing footprint.”