Sun Capital Partners, Inc.:
Industrial Group consists of three businesses:
-- Bundy Refrigeration's products include evaporators,
condensers, door warmers, compressor components, defrosting
coils, and heat exchangers.
-- Walbro Engine Management's portfolio includes ignition
modules, air filter assemblies, diaphragm carburetors, fuel
tank assemblies, flywheels, fuel filters, and impulse fuel
pumps for lawn and garden and recreational-vehicle engine
applications.
-- Vari-Form produces hydro-formed automotive components,
including engine cradles, radiator closures, instrument panel
beams, and roof rails.
Sun Capital Partners, Inc. ("Sun Capital"), a leading private
investment firm specializing in leveraged buyouts and investments in
market-leading companies, today announced that one of its affiliates
has acquired the Industrial Group from TI Automotive, a leading Tier 1
supplier to major automotive manufacturers and other Tier 1 suppliers.
Terms of the acquisition were not disclosed.
Bundy Refrigeration is the European and Latin American market
leader in the manufacturing of condensers, evaporators and other
cooling system components used in household and commercial
refrigeration appliances.
Established over fifty years ago, Walbro Engine Management is a
technology leader providing a wide range of components and systems to
the outdoor power equipment, industrial, marine, recreational and
two-wheel vehicle markets, with engineering facilities in the United
States, Mexico, Italy, China, Thailand, and Japan.
Vari-Form's patented tube hydroforming technology is used to
create complex shapes in tubular components - that provide an exciting
alternative to closed section stamped assemblies or existing tubular
applications. Using this highly precise procedure, Vari-Form currently
hydroforms over four million automotive structural parts annually for
its partners worldwide.
Michael H. Kalb, Managing Director, Sun Capital Partners, Inc.,
added, "Each of the three business units, Bundy Refrigeration, Walbro
Engine Management, and Vari-Form, enjoy competitive advantages in
their respective industries, which have not been fully realized due to
the non-core nature of their operations under their former corporate
umbrella. Each of the three businesses have market leading positions,
established trade names and are suppliers to major global OEM
manufacturers. As independent operating entities, we believe that each
business will be better positioned to leverage its market position and
enhance its franchise value."
About TI Automotive
TI Automotive is the world's leading supplier of fluid storage,
transfer and delivery systems, including brake, fuel and air
conditioning applications. With headquarter locations in Warren,
Michigan and Oxford, England, the company employs more than 16,000
people at more than 110 facilities in 28 countries on six continents.
Further information is available on the Internet at
www.tiautomotive.com.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm
focused on leveraged buyouts, equity, debt, and other investments in
market-leading companies that can benefit from its in-house operating
professionals and experience. Sun Capital affiliates have invested in
and managed more than 145 companies worldwide with combined sales in
excess of $33.0 billion since Sun Capital's inception in 1995. Sun
Capital has offices in Boca Raton, Los Angeles, and New York, as well
as affiliates with offices in London, Tokyo, and Shenzhen. For more
information, please visit www.SunCapPart.com.
