Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries INOAC USA Inc. (IUI) Acquires ABC Technologies' Share of Former Joint Venture By: Newswire.com February 20, 2023 at 08:00 AM EST INOAC USA Inc. completes purchase of ABC Technologies' 50% equity interest in the former JV. The wholly owned entity adds four facilities and more than 1,200 employees. TROY, Mich., February 20, 2023 (Newswire.com) - INOAC USA Inc. has recently completed its purchase of ABC Technologies' 50% equity interest in the former joint venture, ABC INOAC Exterior Systems, to create an independent and wholly owned entity renamed INOAC Exterior Systems (IES). Adding four facilities with more than 1,200 employees will better enable INOAC to independently drive its strategy in the North American automotive exterior parts market through IES. President of INOAC USA, Inc., Rob DePotter, is excited about opportunities for IES in the automotive industry and beyond. "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. The acquisition places INOAC in a strong position to leverage scale across our North American businesses and manufacturing footprint," said DePotter. INOAC Exterior Systems will continue to be a key supplier for auto manufacturers in North America, with products tailored to customers' engineering and production needs. Products are Class A, available in painted, primer-/paint-ready, molded-in-color (MIC) and textured. IES exterior automotive components deliver light weighting along with strength and the ability to accommodate the custom designs that automakers seek. About INOAC: INOAC is an international independent and diversified company. IUI, the North American portion of the company, operates multiple joint venture and wholly owned entities in the region. INOAC is a leading global company in the field of polymer chemistry, specializing in polyurethanes, polyolefins, elastomers, plastics and composite materials. INOAC is known for its commitment to creating a "forest" of product diversity through a wide range of goods and materials in five business categories: Automotive - Interiors, exteriors High-Performance - Consumer, information technology equipment Consumer - Home appliance NVH and thermal insulation, gasketing, filtering, sports and industrial PPE Medical - Wearables, Smart Patches, basic and advanced wound care, drug delivery Housing and Construction - Housing, construction, civil engineering, environment Bedding and Furniture - Mattresses, nursing care furnishings, HUKLA furniture IRC Tire - Specialist manufacturer # # # Contact Information: Gautam Bose VP, Business Development and Marketing gbose@inoacusa.com 2482279737 Original Source: INOAC USA Inc. (IUI) Acquires ABC Technologies' Share of Former Joint Venture Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
INOAC USA Inc. (IUI) Acquires ABC Technologies' Share of Former Joint Venture By: Newswire.com February 20, 2023 at 08:00 AM EST INOAC USA Inc. completes purchase of ABC Technologies' 50% equity interest in the former JV. The wholly owned entity adds four facilities and more than 1,200 employees. TROY, Mich., February 20, 2023 (Newswire.com) - INOAC USA Inc. has recently completed its purchase of ABC Technologies' 50% equity interest in the former joint venture, ABC INOAC Exterior Systems, to create an independent and wholly owned entity renamed INOAC Exterior Systems (IES). Adding four facilities with more than 1,200 employees will better enable INOAC to independently drive its strategy in the North American automotive exterior parts market through IES. President of INOAC USA, Inc., Rob DePotter, is excited about opportunities for IES in the automotive industry and beyond. "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. The acquisition places INOAC in a strong position to leverage scale across our North American businesses and manufacturing footprint," said DePotter. INOAC Exterior Systems will continue to be a key supplier for auto manufacturers in North America, with products tailored to customers' engineering and production needs. Products are Class A, available in painted, primer-/paint-ready, molded-in-color (MIC) and textured. IES exterior automotive components deliver light weighting along with strength and the ability to accommodate the custom designs that automakers seek. About INOAC: INOAC is an international independent and diversified company. IUI, the North American portion of the company, operates multiple joint venture and wholly owned entities in the region. INOAC is a leading global company in the field of polymer chemistry, specializing in polyurethanes, polyolefins, elastomers, plastics and composite materials. INOAC is known for its commitment to creating a "forest" of product diversity through a wide range of goods and materials in five business categories: Automotive - Interiors, exteriors High-Performance - Consumer, information technology equipment Consumer - Home appliance NVH and thermal insulation, gasketing, filtering, sports and industrial PPE Medical - Wearables, Smart Patches, basic and advanced wound care, drug delivery Housing and Construction - Housing, construction, civil engineering, environment Bedding and Furniture - Mattresses, nursing care furnishings, HUKLA furniture IRC Tire - Specialist manufacturer # # # Contact Information: Gautam Bose VP, Business Development and Marketing gbose@inoacusa.com 2482279737 Original Source: INOAC USA Inc. (IUI) Acquires ABC Technologies' Share of Former Joint Venture
INOAC USA Inc. completes purchase of ABC Technologies' 50% equity interest in the former JV. The wholly owned entity adds four facilities and more than 1,200 employees. TROY, Mich., February 20, 2023 (Newswire.com) - INOAC USA Inc. has recently completed its purchase of ABC Technologies' 50% equity interest in the former joint venture, ABC INOAC Exterior Systems, to create an independent and wholly owned entity renamed INOAC Exterior Systems (IES). Adding four facilities with more than 1,200 employees will better enable INOAC to independently drive its strategy in the North American automotive exterior parts market through IES. President of INOAC USA, Inc., Rob DePotter, is excited about opportunities for IES in the automotive industry and beyond. "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. The acquisition places INOAC in a strong position to leverage scale across our North American businesses and manufacturing footprint," said DePotter. INOAC Exterior Systems will continue to be a key supplier for auto manufacturers in North America, with products tailored to customers' engineering and production needs. Products are Class A, available in painted, primer-/paint-ready, molded-in-color (MIC) and textured. IES exterior automotive components deliver light weighting along with strength and the ability to accommodate the custom designs that automakers seek. About INOAC: INOAC is an international independent and diversified company. IUI, the North American portion of the company, operates multiple joint venture and wholly owned entities in the region. INOAC is a leading global company in the field of polymer chemistry, specializing in polyurethanes, polyolefins, elastomers, plastics and composite materials. INOAC is known for its commitment to creating a "forest" of product diversity through a wide range of goods and materials in five business categories: Automotive - Interiors, exteriors High-Performance - Consumer, information technology equipment Consumer - Home appliance NVH and thermal insulation, gasketing, filtering, sports and industrial PPE Medical - Wearables, Smart Patches, basic and advanced wound care, drug delivery Housing and Construction - Housing, construction, civil engineering, environment Bedding and Furniture - Mattresses, nursing care furnishings, HUKLA furniture IRC Tire - Specialist manufacturer # # # Contact Information: Gautam Bose VP, Business Development and Marketing gbose@inoacusa.com 2482279737 Original Source: INOAC USA Inc. (IUI) Acquires ABC Technologies' Share of Former Joint Venture
