On April 27, 2021, Global Automotive Systems, LLC (“GAS” or the “Company”), a leading global supplier of complex, structural metal assemblies and components to the automotive market, announced that it has sold substantially all of its assets to Advanced Vehicle Assemblies, LLC (“AVA”).
GAS was a leader in the design, development, and manufacture of complex, structural metal assemblies used in safety critical applications in the automotive industry. The Company’s unique and complementary set of technical and manufacturing capabilities, including sophisticated product and process design, roll forming, stretch bending, stamping, and joining technologies, help its customers achieve lightweighting targets while maintaining exceptional quality levels.
The transaction will position AVA as a trusted and relied upon partner to its customers with a strong balance sheet and the resources to facilitate its strategic growth, both organically and through acquisitions.
GLOBAL AUTOMOTIVE SYSTEMS, LLC
Global Automotive Systems creates highly efficient process and product solutions that form the future of mobility safety and environmental sustainability. The Company’s full service engineering capabilities and unique and complementary manufacturing processes spread across four production facilities make it a trusted partner to OEM and Tier 1 customers in the automotive industry. For more information visit www.globalautosys.com.
ADVANCED VEHICLE ASSEMBLIES, LLC
Advanced Vehicle Assemblies, LLC is an affiliate of Ms. Lynn Tilton, who has held ownership in and restructured more than 240 companies with combined revenues in excess of $100 billion and has vast experience and expertise in the automotive industry.