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GOSHEN, Ind. (Inside INdiana Business) – Shiloh Industries Inc. in Ohio has acquired two automotive facilities from German company Benteler International, including one in Goshen. Financial details are not being disclosed, but Shiloh says the facilities will help in his efforts to streamline operations to focus on lightening the auto industry.
The Goshen plant, along with the other plant in Michigan, provides hot forming and welding services for Shiloh. John Stewart, founder and managing partner of Shiloh’s parent company, MiddleGround Capital, told Inside INdiana Business that the company does not expect the acquisition to have a negative effect on jobs.
“We acquired the Benteler facility because we believe that the company’s employees and the investments made in the facilities are jobs worth preserving,” said Stewart. “All employees are now Shiloh employees and we expect to generate more business at both facilities due to future programs with various automotive OEMs. “
Weight reduction in the automotive industry involves the use of lighter metal alloys to reduce vehicle weight while maintaining or improving performance.
Stewart says the work being done at the facilities adds to a “supply of talent and assets” in the process of relief that OEMs look for when trying to meet fuel emission standards and improve. the efficiency of electric vehicles.
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