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Frenger is pleased to announce Delfingen’s acquisition of the business and assets of Hilec LLC, a leading manufacturer of coated fiberglass insulation sleeving and related products for use in electric motors, generators, transformers, appliances, lighting devices and wiring harnesses (USA). Hilec activities will be transferred into the Delfingen sleeving plant in Niagara Falls, NY, contributing to the improvement of its operational performances.
This transaction is the 8th initiated and managed by Frenger on behalf of Delfingen and the 6th in North America. These acquisitions allow Delfingen to generate more than 50% of its sales and profits in the United States.
The acquisition of Hilec business is part of Delfingen growth strategy, of building a group that is comprised of 3 Business Groups: Protection Systems, Fluid Transfer Solutions and Assembly Technologies. The Hilec acquisition is an important step in Delfingen’s strategy to reinforce its position in North America and to seek acquisition which strengthen its core business capability and enhance its global business. This acquisition broadens the Group’s expertise in textile sleeving and product development potential. It allows Delfingen to take a leading position in this market in North America and to diversify its customer base from the Automotive industry.
Delfingen is a global leading manufacturer of protection systems, fluid transfer solutions and assembly technologies, working closely with carmakers, automotive suppliers and other OEM’s. Delfingen operates in 17 countries, employs 1300 people worldwide, with sales revenue of €112m in 2011.
Delfingen was assisted in this project by Frenger International Ltd a Mergers & Acquisitions boutique specialized in international transactions. Based in London since 1983, Frenger International has completed more than 50 operations on behalf of European and North American groups from any sectors.