insivia, Author at Highlands

Bear Diversified, Inc., announced today its subsidiary, Northern Stamping Co, completed its investment in LAMTEC Mexico, S.A. de C.V. In making this investment, Northern Stamping is partnered with Ontario based London Automotive & Manufacturing Ltd in the day-to-day operation of LAMTEC, which is located in Queretaro, Mexico.

Matthew Friedman, Chairman and CEO of Bear Diversified, stated, “our investment in LAMTEC builds on our 2015 acquisition of Highlands Diversified Services and provides Bear with an excellent platform to serve the Mexican market.” Combined with Northern Stamping’s existing welding and coating capabilities in Queretaro, Bear Diversified now offers its customers a fully integrated supply chain. Friedman added, “we are particularly excited to be partnered with London Automotive and to expand LAMTEC’s reach and product offering. We see this as an exciting development for our automotive, satellite and aerospace customers.”

Craig Hodgins, President of London Automotive and Chairman of LAMTEC commented, “we have been searching for a partner who shares our vision and commitment to our employees and customers. Bear has demonstrated it will a strong partner who embraces our passion for excellence and will help ensure the LAMTEC’s long-term success.”

Mr. Friedman and Mr. Hodgins both noted that Bear’s investment in LAMTEC opens the door for additional opportunities for collaboration between Bear and London Automotive, not only in Mexico but also in Canada and the United States. They suggested this transaction is a first step in a longer-term strategy to better serve their respective customers today while looking to offer a broader range of products and services in the future.

Two new Aida Servo presses have been added to our technology base starting in the spring of 2016.

Bear Diversified Inc., announced on July 31, 2015 it completed the acquisition of 100% of the stock of London, Kentucky-based Highlands Diversified Services, Inc. (HDS). Bear Diversified is a privately held holding company formed to complete the acquisition of HDS. It is also the parent company of Cleveland, Ohio-based Northern Stamping, Inc. (NSI).

NSI has been a supplier of complex metal stampings and highly engineered welded assemblies to the automotive industry since 1989. HDS is a highly-regarded solutions provider of metal stampings and complex assemblies to the satellite television, automotive and aerospace industries.

“The acquisition of HDS and pairing it with NSI represents a great opportunity to combine two exceptional companies,” said Chairman and CEO of Bear Diversified Matthew Friedman. “The acquisition will benefit both companies’ customers by providing a wider range of press size and other manufacturing processes, an expanded global footprint, and greater financial flexibility. The formation of Bear Diversified and the acquisition of HDS are the first steps in a broader growth plan to expand product offerings and industry synergies.”

Founder and Chairman of HDS Daryl Weaver added he was extremely gratified to see HDS added to the Bear Diversified Group of companies. “I take great pride in what we have created at HDS and am confident that this is the beginning of the next phase of growth for our London, Kentucky colleagues. Bear will be an excellent partner for our customers.”

JP Morgan Chase, the long-term supporter of NSI and Bear Diversified, acted as Administrative Agent and Lender for the transaction. HDS was represented by The Capitol Corporation, a Greenville, South Carolina investment advisory firm.

About Bear Diversified Inc.: Headquartered in Cleveland, Ohio, Bear Diversified Inc. is a world class supplier of highly engineered structural products including stamped components, complex welded assemblies, and electro-mechanical assemblies. The company also provides domestic and international warehousing and distribution services.

About Northern Stamping, Inc. (NSI): Headquartered in Cuyahoga Heights, Ohio, Northern Stamping, Inc. has manufacturing locations in Ohio, Michigan and Mexico as well as a strategic partnership in Ningbo, China. NSI is an innovative supplier of complex engineered stampings and welded assemblies primarily for the automotive industry. NSI distinguishes itself by solving difficult engineering and production challenges, taking pride in providing a responsible manufacturing environment with an efficient cost structure, high quality production, and 100% on-time delivery. NSI also provides its customers with quick response times and flexibility, allowing it to be a solutions-oriented supplier.

About Highlands Diversified Services, Inc. (HDS): Located in London, Kentucky, Highlands Diversified Services, Inc. offers core competencies in metal stamping and fabrication, welding (both resistance and robotic), drilling, tapping, staking, powder coat painting, electro- mechanical assembly, and warehousing and distribution. HDS collaborates with its customers through ownership, leadership and partnership activities to provide solutions to support parallel long term growth strategies. HDS prides itself on its customer service, supported by the company’s core values of building customer relationships, development of associates, safety and teamwork.

The NSI team is the incredibly proud recipient of the FCA MOPAR Quality 2015 Supplier of the Year Award.

Accepting the FCA MOPAR Quality 2015 Supplier of the Year Award:

Author: insivia

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