>>7637436 lb
>https://www.bestmanufacturingpractices.com/2012/01/henniges-automotive-2/
The company was formed in 2007 from Metzeler North America and parts of GDX. The result was named after Ernst Henniges, who founded a company in 1951 in Germany that made molded rubber parts.
“We didn’t really want to use either name,” DePierre says. “We wanted a new company that represented the new way of thinking and new style of working. We decided on a new name for both companies.” Its other product group makes antivibration bushings for engine and body mounts.
The company has dozens of small competitors in China and India. “In terms of true global competitors, there’s ourselves and four other companies,” DePierre insists. “There’s only a few that can do it globally.”
>littlejohnllc.com/newsitem/pe-owners-take-henniges-long-way-in-short-time/
Henniges Automotive was formed by the combination of two competitors. Wynnchurch Capital bought the North American operations of Metzeler Automotive Profile Systems S.A. and a few months later acquired what it deemed the “most promising assets” of GDX Automotive, which at one time had been under the GenCorp Inc. banner.
Wynnchurch combined the entities under the Henniges Automotive name, derived from the GDX brand that came from a firm founded in Germany by Ernst Henniges in 1951. Wynnchurch said Metzeler North America had strong operating and management systems, but was facing declining revenues. GDX, however, had a good book of business but lacked management systems.
Littlejohn was able to cash in its investment with the $600 million deal to sell Henniges to a JV between state-owned Aviation Industry Corp. of China and investment firm BHR.
AVIC gives Henniges more access to the domestic Chinese auto market, while Henniges beefs up AVIC’s automotive holdings. The company’s management team and staff are expected to stay in place, with the new owners likely seeing a strong track record of success.