New Auto Supplier Eypex Buys Lighting Business

 

Eypex Corporation, a newly established tier-one automotive supplier and minority business enterprise, announced that it recently acquired a vehicle lighting and molding operation from Dakkota Integrated Systems.

Eypex and joint venture partner CIA Incorporated, a tier-one auto supplier that specializes in magnetic fasteners, latching systems and sensor magnets, purchased Dakkota’s lighting division and product lines, including illuminated front grille emblems, illuminated sill plates, and tailgate and puddle lamps, to broaden its offerings and take advantage of operational synergies.

“We are excited about the deal to purchase Dakkota’s lighting business that has earned awards from OEMs for product line innovation,” said Clarence Martin, Eypex co-founder and president. “We look forward to helping our global customers by delivering the highest quality in lighting and electronic components and dominating the marketplace as a result of this acquisition.”

No net job losses are expected at either firm and the terms were not disclosed.

Based in Holt, Mich., Dakkota sold its lighting unit as part of a planned realignment of its product offerings, which include vertical suspension and overhead assembly systems, fascia and material sequencing, and instrument panel assembly. The realignment further bolsters Dakkota’s strong program management capabilities.

As part of the deal, Dakkota, a certified minority business enterprise, or MBE, will become a customer of Eypex, an intentional move to support another MBE, helping to expand the MBE ecosystem in Michigan and the auto industry.

Category: General Update, News