LYLE INDUSTRIES’ MOLDED PRODUCTS DIVISION HAS BEEN ACQUIRED BY TECHNIPLAS
Birmingham, Michigan – December 2, 2021 – Angle Advisors is pleased to announce that Techniplas, LLC (“Techniplas”) has acquired the Molded Products Division of Lyle Industries, Inc. (“Lyle Industries”). Angle Advisors acted as the exclusive investment banking advisor to Lyle Industries in completing this transaction.
Based in Dalton, GA, the Molded Products Division (the “Business”) of Lyle Industries is a full-service Tier I supplier of premium cargo systems, carpeted trim and molded floors for luxury sport utility vehicles and battery electric passenger cars. From a state-of-the-art fabrication facility located in Dalton, GA and a JIT assembly plant in Spartanburg, SC, the Company’s strategically located operations offer differentiated process technologies include low pressure molding, high pressure back molding, thermoforming, load floor cells, water jet trimming, and final assembly. For additional information, please visit www.lyleind.com.
“We are very excited to have completed the sale of our Molded Products Division to Techniplas”, stated Lamar Lyle, CEO and Founder of Lyle Industries. “In addition to finding an excellent home for our employees, we look forward to building a strong relationship with Techniplas by continuing to supply premium carpet to the Business.” Lamar Lyle added, “We would like to thank the team at Angle Advisors for their exceptional work representing us in this transaction. In addition to deep industry relationships and sector knowledge, Angle’s experience with our manufacturing processes and divestiture transactions proved instrumental to the success of this transaction.”
Ali El-Haj, CEO of Techniplas, commented, “The acquisition of the Molded Products Division of Lyle Industries is an important transaction to Techniplas as it provides new strategic locations in the Southeast US and complementary manufacturing process technologies. With a consolidated annual turnover in excess of 700 million USD, the combined enterprise will operate 30 high-performance locations with more than 3,500 employees worldwide to serve a global blue-chip customer base.”
Techniplas is a global provider of highly engineered plastic systems and components, primarily for the automotive sector as well as industrial, consumer, medical, and other markets. The Company’s products align with industry trends, including vehicle light weighting and electrification and an increasing focus on comfort and safety. Techniplas serves global customers and platforms with a focus on technology expertise, design, and engineering collaboration with customers. Techniplas maintains long-term relationships with many of the world’s leading automotive and industrial OEMs. For additional information, please visit www.techniplas.com.
Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed 185 transactions since 2009 for multinational corporations, privately held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.