Canada’s KSR sold to U.S.-based Angstrom Automotive Group
KSR International, a Ridgetown, Ont.-based automotive parts maker, has been acquired by Angstrom Automotive Group Inc., in a move that expands Angstrom’s product offering, manufacturing footprint, and vertical integration, while deepening business with OEMs.
The terms of the deal have not been disclosed.
Headquartered in Southfield, Mich., Angstrom is a Tier 1 full-service supplier to automotive and industrial OEMs, producing electrical, metal and resin components within 17 business units across 35 plants globally. The company’s existing Canadian operation, Angstrom Fibre Canada, is located in Brantford, Ont.
KSR was founded in 1948 and makes brake, clutch and accelerator pedal modules, also for Tier 1 OEMs. The company has more than 50 patents granted worldwide and manufacturing and engineering facilities in Michigan, Mexico, England, Germany, the Czech Republic, and China.
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