Northville, MI-based Key Plastics has acquired Kendrion’s RSL and Systems group of companies, the European suppliers of engineered and automotive plastics parts and assemblies with more than $250 million in sales.
Kendrion’s RSL and Systems groups employ more than 1,800 people in seven facilities in Europe. They supply parts to leading global OEMs and Tier 1s such as Volkswagen, Opel and DaimlerChrysler, as well as many others.
The Kendrion operations in Germany Portugal, Spain, and the Czech Republic will be integrated with the existing European operations of Key Plastics and led by the current President of Key Plastics-Europe, Rui Filinto.
With the acquisition, Key Plastics now boasts 39 locations in 10 countries with over 6,000 employees producing $750 million in revenue annually.