We are pleased to announce that effective December 18, 2013 PrescoTech Industries, Inc. has been acquired by Unique Fabricating, Inc. Prescotech will operate as a wholly owned subsidiary of Unique Fabricating.
Our long term strategic plan within Prescotech has been to search for a business partner that shared the same visions and philosophies that we have brought to the market for the past 63 years. Furthermore, we were searching for an opportunity to access additional financail resources to grow and service our existing customers while exploring new markets, as well as leveraging points that a solid strategic acquisition could deliver. We are extremely confident that this new business combination will set the stage for the next 60 years of growth with our customers, employees and supply chain. We are also pleased to announce that the current senior leadership at Prescotech will remain intact to manage day to day operations, thereby creating continuity and transparency for our customers. Going forward, we will evaluate all new internal opportunities that our increased resources provide to create more value for you, our customer. These areas would include but not limited to the following:
- Larger geographic foot print, which includes production in Mexico
- Additional products/processes, including thermoforming, compression molding and fusion molding
- Supply chain leverage due to increased spend
- "Green" initiatives
Unique Fabricating, is a leader in the engineering and manufacturing of multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness ("NVH"), acoustical management, thermal management, water and air sealing, decorative and other functional applications within the North American automotive and heavy-duty truck markets. Unique is headquartered in Auburn Hills, MI with sales, engineering and manufacturing operations in Auburn Hill, MI, LaFayette, GA and Monterrey, Mexico. Unique also has sales and engineering offices in Germany. Additional information can be gained by viewing the capabilities of Unique at www.uniquefab.com.