On February 11, 2019, Miniature Precision Components, Inc. (“MPC”) was acquired by Novares Group (“Novares”), a global plastic solutions provider that designs, manufactures and supplies complex components & systems to the automotive industry. The acquisition of MPC, with revenue of $265 million in 2018, nearly doubles the size of Novares’ engine business, giving it a critical size and a global reach to position itself among the top global powertrain parts suppliers.
MPC brings Novares a range of high-quality and innovative components that are used in complex, system-critical powertrain and underhood applications such as engine/transmission sealing, air/fluid management and emissions control. MPC’s 3D suction blow molding and molded foam capabilities will allow Novares to develop new products and to reinforce its expertise, workforce and innovation capability in engine product engineering.
MPC, a recognized market leader in North America, was founded in 1972 and currently employs 1,600 associates. It will benefit from Novares’ global technical capability, manufacturing footprint and the ability to leverage Novares’ diversified customer portfolio including access to European and Asian OEMs. MPC’s customers will also benefit from Novares’ integrated portfolio of seven product lines.
MINIATURE PRECISION COMPONENTS, INC.
MPC, founded in 1972 by Julian "Jay" Brost, is headquartered in Walworth, Wisconsin, is a recognized leader in the design, manufacturing and assembly of highly engineered plastic components, sub-assemblies and integrated modules for global automotive OEMs. For more information, please visit www.mpc-inc.com.
Novares, headquartered in Clamart, France, is one of the world's leading automotive plastics supplier for engine, interior and body parts serving OEMs on a global scale with innovative solutions and superior quality products. Novares will generate approximate revenue of €1.5 billion with 47 Plants, operated by 12,000 associates in 22 countries. For more information, please visit www.novaresteam.com.