ABC Technologies’ Acquisition of WMG Technologies Will Bolster Molding Portfolio
A supplier to global automotive OEMs, ABC Technologies Holdings Inc. has entered into a definitive agreement to acquire family-owned WMG Technologies (WMGT), a Tier 1 and 2 supplier of automotive exterior parts, injection mold tooling, and lighting molds and inserts. The deal is valued at $165 million with potential earn-out payments based on profitability targets over the next 24 months. Based in Windsor, ON, WMGT was founded in 1972 and…