February 01, 2015 6:21 PM ET

Auto Components

Company Overview of Henniges Automotive, Inc.

Company Overview

Henniges Automotive, Inc. designs, manufactures, and markets vehicle sealing and anti-vibration solutions for the automotive industry. It offers vehicle sealing products, including door, hood, rear compartment, and auxiliary seals, as well as glass runs, inner and outer belts, upper reveals and appliqués, glass encapsulation solutions, and obstacle detection systems; and anti-vibration products, such as suspension strut mounting, spring pads, stabilizers, control arm and damping bearings, insulator bushings, bushings, and bushing control arms. The company serves automotive original equipment manufacturers and multi-tier automotive customers worldwide. It has strategic alliances with Amee Rub...

2750 High Meadow Circle

Auburn Hills, MI 48326

United States

Founded in 1863

Phone:

248-340-4100

Fax:

248-340-4341

Key Executives for Henniges Automotive, Inc.

Chief Executive Officer and President
Age: 52
Chief Financial Officer
Executive Vice President of Asian Operations
Vice President of Human Resources
Director of Purchasing NAO & Global Logistics
Compensation as of Fiscal Year 2014.

Henniges Automotive, Inc. Key Developments

AVIC Reportedly Eyeing Henniges Automotive

Aviation Industry Corporation of China (AVIC) may be interested in acquiring stake in Littlejohn & Co. LLC owned Henniges Automotive, Inc. People close to the matter said that Aviation Industry Corp is among bidders for Henniges Automotive. People, seeking anonymity, added that the company could pay about $1 billion for Henniges. According to the report, AVIC media affairs representatives did not answer phone calls and an email seeking comment. Chris Tofalli, a spokesman for Littlejohn said that he could not immediately comment.

Littlejohn Reportedly Puts Sunsource, Henniges Automotive Up For Sale

Littlejohn & Co. LLC is reportedly running two separate auctions to sell STS Operating, Inc. and Henniges Automotive, Inc., whose collective value exceeds $1.2 billion including debt, according to people familiar with the matter. Littlejohn has hired Barclays Plc to explore a sale of SunSource and Morgan Stanley to run a sale process for Henniges, the people added. The sources asked not to be identified because the talks are confidential. Littlejohn, Barclays and Morgan Stanley declined to comment, while SunSource and Henniges representatives did not immediately respond to requests for comment.

Henniges Automotive Seeks Acquisitions In China

Henniges Automotive, Inc. is seeking acquisitions. "Part of our plan is basically to have an answer for any region that our major customers operate in," said Douglas DelGrosso, Henniges President and Chief Executive Officer. "We think we've satisfied that now. That was an issue that existed 18 months ago. Many of our auto makers are building off a global platform. They've determined that it's more efficient for them to single source to suppliers who have the ability to do the same." It was a necessary structural entry point," DelGrosso said. "It's operated very, very well through the years. But as things changed and the market evolved in China, western companies were allowed to set up independent wholly owned operations. Many of the automotive suppliers wanted to pursue that direction instead of relying solely on a joint venture."

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