French automotive parts manufacturer Novares announced it has obtained Miniature Precision Components, every other vehicle parts maker that has a manufacturing facility in Janesville.
Novares earlier this month obtained uniqueness thermoplastic engine elements maker MPC, which has 5 U.S. Sites, which include a Janesville facility at 2929 Venture Drive, and one location in Mexico, in step with a information release.
Through the circulate, Novares will absorb MPC, which did $265 million in enterprise closing year, Novares says. The acquisition almost doubles the size of Novares’ engine commercial enterprise, which the corporation describes as “cutting area” gadget for use in cleaner, “extra linked” motors.
Novares stated the acquisition consolidates the business enterprise’s presence inside the U.S., in which it has 8 existing websites, in line with the release.
It’s now not clean how the acquisition will affect the Janesville region.
MPC began a ten-yr hire in a privately owned facility on the city’s south side in 2012 whilst its operations in Walworth expanded, in keeping with Gazette reports.
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