Inoac USA buys ABC Technologies’ share of auto parts joint venture

Automotive parts maker Inoac USA Inc. has acquired Toronto-based ABC Technologies’ 50 per cent equity in its former joint venture with the company, Inoac Exterior Systems.

The financial terms of the deal – which adds four facilities and 1,200 employees to Inoac USA – have not been disclosed.

“The acquisition places Inoac in a strong position to leverage scale across our North American businesses and manufacturing footprint,” Inoac USA president Rob DePotter said in a Feb. 17 news release.

Inoac Exterior Systems specializes in polyurethane, rubber, plastics, and composite exterior trim products.

Inoac USA is headquartered in Troy, Mich.