IAC Acquires Alabama-based AMPRO Molding, LLC – Reinforces Interior Supplier’s Market Leadership Position

DEARBORN, Mich. (November 22, 2010) – International Automotive Components Group (IAC), a global tier-one supplier of vehicle interior components and systems, today announced that it is acquiring automotive interior component supplier AMPRO Molding, LLC, based in Anniston, Ala. AMPRO is located in close proximity to key OEM customers based in the southeast region of the U.S.

AMPRO manufactures a variety of vehicle interior components that align with and enhance IAC’s current portfolio of products. The AMPRO acquisition reinforces IAC’s commitment to establish facilities near its OEM customers, while enhancing its technical and product portfolio for the global automotive industry.

“Early in our discussions with AMPRO, it became obvious that the AMPRO team would be a good fit with the IAC Group,” said James Kamsickas, IAC’s president and CEO of North America and Asia. “AMPRO has a wealth of automotive interiors experience, outstanding commitment to a diverse customer base and a company culture that will blend well with IAC. We are extremely excited about the opportunity to establish our first facility in the state of Alabama and further support our customers in this geographic region.”

The acquisition includes a 157,000 sq. ft. manufacturing facility located on an 11-acre site. The operation employs 150 hourly and salaried personnel and utilizes the latest manufacturing equipment and processes, further extending IAC’s ability to create a unique value proposition for its customers and differentiation in the industry. Furthermore, it will broaden IAC’s product mix outside of the automotive industry to commercial and industrial manufacturers.

“IAC Group has successfully acquired and integrated 12 companies since the organization was established in 2006,” said Wilbur Ross, Chairman of IAC Group. “Our leadership team has done an exceptional job identifying, integrating and improving each of the companies around the globe. This acquisition of AMPRO is one additional and important step in continuously aligning our global infrastructure to support the needs of our customers.”

The AMPRO acquisition follows a host of acquisitions by IAC from 2006 to 2009. Most recently, IAC acquired flooring & acoustics supplier Stankiewicz International Corp., located in Spartanburg, S.C.