Posted in | News | Automotive Materials

Veltri Metal Products Agree to Sell Most of Their Assets

Mar 24 2004

Veltri Metal Products an American-based, leading Tier One designer and manufacturer of stamped automotive components and supplier to the major automotive manufacturers have announced that they are to sell a substantial portion of their business and assets to Flex-N-Gate Corp and their affiliate, Ventra Group.

Related Stories

The sale involves both the US-based Veltri Metal Products Inc and their wholly owned Canadian subsidiary, Veltri Metal Products Co.

More specifically, the sale agreement between the two companies includes:

  • The Royal Oak plant in Michigan and associated design, manufacturing and sales support
  • Certain assets of the plant at Baltimore, Michigan
  • The design, manufacturing and sales support of the plants at Howard Avenue-Windsor, Lakeshore and Glencoe, Ontario, in Canada.
  • Certain assets of their North Talbot-Windsor operation.

The transaction is subject to the approval of the bankruptcy court as well as any higher or improved offers that may be received as a result of court approved auctions. The transaction is scheduled to close some time in mid to late May.

For more information on automotive components, click here.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
(Logout)
Your comment type
Submit

Sponsored Content

Editorial Highlights

The Current State of the Global Semiconductor Market

The Current State of the Global Semiconductor Market

The global semiconductor market has entered an exciting period. Demand for chip technology is both driving the industry as well as hindering it, with current chip shortages predicted to last for some time. Current trends will likely shape the future of the industry, which is set to continue to show

How are Graphene Batteries Made?

How are Graphene Batteries Made?

The primary distinction between graphene-based batteries and solid-state batteries lies in the composition of either electrode. Although the cathode is commonly changed, carbon allotropes can also be employed in fabricating anodes.

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback