Oxford Automotive To Acquire Italian Parts Producer – Brief Article
Oxford Automotive, Inc., a leading automotive supplier, has reached an agreement to purchase Gessaroli Group, located in Torino, Italy; a leading automotive supplier of locking mechanisms, latches, stampings, fine blanking and weld assemblies. “Gessaroli represents the next step in our strategic plan for controlled growth,” said Steven Abelman, president and CEO of Oxford Automotive.
“Gessaroli is a perfect fit for our modular closure system operations and the company’s history of innovation and problem solving ensures swift assimilation of our corporate structure and operating procedures.” The Gessaroli Group’s integrated manufacturing operations cover all functions of design, engineering, die and mold construction, parts production and assembly for both its plastic injection molded and metal formed components and modules, Oxford said.
“This transaction allows the Gessaroli Group to become a part of a very successful and dynamic global organization which will allow for continued growth and success serving our primary customer, Fiat Auto,” said Agostino Gessaroli, president of Gessaroli Group.
“The Gessaroli Group has developed an excellent reputation with its customers for high quality products and system design solutions,” added Abelman. “We are especially pleased that Mr. Agostino Gessaroli has agreed to continue with the company as a member of the board of directors and the company’s outstanding management team, headed by Denis Gessaroli, will continue to lead the business. We are very excited about the opportunities presented through this combination of enterprises.”
The Gessaroli Group employs approximately 180 employees in three production facilities and is UNI and ISO 9001 certified and AVSQ certification is in process. Oxford Automotive, headquartered in Troy, Michigan, is a full-service automotive supplier of highly engineered metal components, assemblies and modules used by automotive manufacturers. Oxford currently operates 26 facilities in five countries.
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