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Aurelius Private Equity Mid-Market Buyout (New York, N.Y., U.S.) announces the acquisition of Teijin Automotive Technologies North America (TAT-NA, Auburn Hills, Mich., U.S.) from parent company Teijin Ltd. (Tokyo, Japan). 

TAT-NA specializes in the development and production of advanced composite components for the global automotive and transportation industries. With 14 locations across the U.S. and Mexico, the company employs approximately 4,500 personnel and generates annual revenues exceeding $1 billion USD.

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Aurelius will support new growth opportunities for the standalone TAT-NA business, which, Aurelius reports, is ideally positioned to meet long-term demand for Class A and structural vehicle components because its durable, lightweight composite products are powertrain agnostic.

“We are excited about the opportunities ahead for us as we partner with the resources and support of the Aurelius team,” says Chris Twining, CEO of TAT-NA. “The Aurelius Operations Advisory team is dedicated to ensuring we maintain our market leadership, and I am looking forward to working with them as we continue to develop new material technologies while improving our operations, efficiency and quality.”

“Teijin Automotive Technologies North America has a long history of supplying key players across the North American automotive industry. We are particularly proud of this acquisition as it represents our first transaction advised out of our recently opened New York office. Among other areas, specialists in our Operations Advisory team will focus on delivering a range of value-creation initiatives across the network of manufacturing sites, while also driving operational excellence through enhanced quality and efficiency,” says Stephan Mayerhausen, managing director at Aurelius Investment Advisory and Head of Aurelius’ New York Office.

Aurelius reports that it was advised by Greenhill, a Mizuho affiliate (M&A), Baker McKenzie (Legal), EY (Financial, Tax), AON (Insurance) and Ramboll (Environment).