Dusseldorf – CFI is pleased to announce it acted as the exclusive corporate finance advisor to Karl Scharrenbroich on its sale to Pangeo Group.
Pangeo Group is a strategic partner and manufacturer of safety critical components and assemblies within the transmission and powertrain segments, door systems, interior adjustable arm rests and aluminum die castings.
Scharrenbroich offers customized products used in gearboxes, axles, steering parts, latches, clutches and pumps.
To strengthen the company strategically and also to lay the foundation for growth, Pangeo Group has made a significant investment in Karl Scharrenbroich giving Pangeo ownership of the company. Effective immediately, Scharrenbroich becomes part of the Pangeo Group Headquartered in Oldcastle, Ontario just outside of Windsor.
The transaction closed on 2 January 2018.
TFP Invest and GKM Invest sold
Croatian listed automotive components processor AD Plastik acquired the Hungarian tier two auto parts supplier Tisza Automotive
has sold Witte Stromberg to
Witte Stromberg, a manufacturer of hinges and hood kinematics for the automotive industry, was acquired by a consortium of Endurance Capital, AL-KO KOBER SE and a private investor
has been acquired by
Family shareholders sell Newport Auctions, a premier auction house for car and commercial vehicles, to Wilsons Auctions
The business activities of Eberhard Hoeckle, specialised in crank gears used in automobiles, aircraft and construction machines, were sold to Jet Investments