CAB Automotive “pleased to have been acquired” by Adler Pelzer Group

logo[1]HP Pelzer Holding GmbH has announced the acquisition of Tipton firm CAB Automotive Limited from its parent company Advancel Limited.

HP Pelzer Holding GmbH is a subsidiary of Adler Pelzer Group, a worldwide leader in the design, engineering and manufacture of acoustic and thermal components and systems for the automotive industry.

The group, which has its headquarters in Witten, Germany, delivers components optimising acoustic performance and increasing thermal efficiency of vehicles. It engineers products specific to each vehicle, as required by its customers.

It has a network of manufacturing plants, and research and design facilities in more than 70 locations with over 11,000 employees worldwide and sales of 1.3bn euros in 2016.

CAB Automotive is a world-class manufacturer of automotive interior solutions for both vehicle manufacturers and tier one suppliers to the automotive sector. CAB Automotive is well positioned among Europe’s premium automakers, including Jaguar Land Rover, Bentley, Aston Martin and McLaren.

HP Pelzer Holding GmbH has recently acquired the entire share capital of CAB Automotive from Advancel Limited for an undisclosed amount.

Pietro Lardini CEO of the Adler Pelzer Group said: “We are extremely pleased to integrate the CAB Automotive team, competences and facility in the Adler Pelzer Group to build further its recognised superior quality, lean manufacturing skills and constant innovation, including high-functionality and first-class designs.”

Chairman of CAB Automotive, Brian Miles, said: “We are pleased to have been acquired by the Adler Pelzer Group. This secures a path for an even brighter future. Our customers will have a greater range of products and technologies to meet their needs. The acquisition also brings further development opportunities for the team and the location.

“I would also add that we greatly appreciate the contribution the Regional Growth Fund and Sandwell Council have given the organisation which has resulted in such an opportunity.”

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