Ford, Automotive Components Holdings and Zeledyne have completed the sale of the ACH Glass business and its plants in Nashville, Tennessee, and Tulsa, Oklahoma, and its subsidiary Vidriocar in Ciudad Juarez, Mexico.
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Also included are the leases for its warehouse in Lebanon, Tennessee, and its engineering offices in Allen Park, Michigan.
Zeledyne was formed for this acquisition by Robert Price, a Tulsa-based private investor. The management team is led by CEO Michael McCarney who retired from Ford with more than 30 years of experience in manufacturing and business, including two years as president of South East Asian operations.
“These operations represent a tremendous opportunity for Zeledyne,” said Price, Zeledyne’s chairman. “We have plans to grow all three areas of the business: automotive glass products as original equipment; automotive aftermarket glass; and architectural glass.”
About 1,600 employees in the U.S. and Mexico work at the glass operations, which is a leading manufacturer of OEM and Carlite replacement automotive glass as well as Versalux architectural glass.
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By GlobalDataLast year the automotive glass products, including windshields, rear windows and door glass, were installed in more than 2.7m vehicles as either original or replacement parts. Versalux architectural glass can be found on many buildings around the world, from Ford Field in Detroit to casinos in China and hotels in Dubai.
The sale is the fourth for ACH and the second involving a US business. With the completion of this sale and related employee transfers, ACH now has eight plants with about 9,000 leased hourly and salaried employees, down from 17 plants and 23,000 leased employees at its start in October 2005.
Negotiations continue for the sale of additional ACH plants for which MOUs have been signed. Earlier ACH sales involved the fuel rail business located in the ACH subsidiary in El Jarudo, Mexico; the power transfer unit business located in the Converca plant in Nuevo Laredo, Mexico; and the driveshaft business, which is being relocated from the ACH plant in Monroe, Michigan, to a new site in southeast Michigan.
