2017-10-18T21:26:08+00:00 February 02, 2016|

Autoneum’s joint venture UGN sells business in Chicago Heights, USA

Autoneum’s US-American joint venture UGN has sold its business in Chicago Heights, Illinois, to an affiliate of Angeles Equity Partners. With this transaction, UGN adjusts its product portfolio in the USA.

UGN, a joint venture of Autoneum and Japanese automotive supplier Nihon Tokushu Toryo (Nittoku), has sold its business in Chicago Heights, Illinois, to an affiliate of the private investment firm Angeles Equity Partners. The parties have agreed not to disclose the purchase price.

UGN has produced dampers for vehicles at its plant in Chicago Heights since 1986. At the remaining five production plants in the USA and Mexico UGN will continue to produce components for acoustic and thermal management for Japanese automobile manufacturers.

Investors

Dr. Martin Zwyssig
CFO
T +41 52 244 82 82
F +41 52 244 83 37
investor@autoneum.com

Media

Dr. Anahid Rickmann
Head Corporate Communications & Responsibility
T +41 52 244 83 88
F +41 52 244 83 36
media@autoneum.com

Downloads

Media Release Sale Chicago Heights UGN (PDF)