CADILLAC, Mich. (Jan. 8, 2009) - Dong Ah Tire & Rubber Corp. has acquired Avon Automotive Inc.'s Vibration Management Systems business.
The VMS operation, based in Chippenham, England, designs, manufactures and supplies engine and suspension mounts, mass dampers, tank truck pads and other vibration control products to defense and automotive customers in North America and Europe.
It had sales of about $60 million in 2008.
The acquisition will expand Yusan, South Korea-based Dong Ah's European market reach, give the company an existing customer base and complement the firm's current product offerings, said President and CEO Sang-Hun Kim. He pointed out that Avon Automotive has been a technical leader in the anti-vibration market for decades.
Lee Richards, president and CEO of Avon Automotive, said the sale streamlines the company's business model and will allow it to focus on its core global hose business, which continues to experience growth in a tough market.