VisTech Manufacturing, a portfolio company of Angeles Equity Partners, has acquired Industry Products Company.
Industry Products Company (IPC) is a Tier One and Tier Two supplier of noise, vibration, and harshness (NVH) products primarily to automotive OEMs. The company’s product portfolio includes cargo and trunk systems, acoustic and water shields, in-transit automotive protection materials, and die cut parts.
Bill Pautsch founded IPC in 1966 and the Pautsch Family has owned the company since its founding. IPC was one of first North American automotive suppliers to Honda in 1982 and then Toyota in 1986. IPC has four manufacturing facilities in Ohio, Kentucky, Alabama and Mexico, and is headquartered north of Dayton in Piqua, Ohio.
VisTech is a vertically integrated supplier of noise, vibration and harshness (NVH) products to the North American automotive industry. The company’s passenger vehicle components include stuffer pads, spare tire boards, dashboard insulators, wheel liners, trunk mats, sound deadeners, ethylene vinyl acetate (EVA) barriers, and other products. Vistech is headquartered near San Francisco in Modesto, California, with six manufacturing plants located near automotive production hubs and end customers.
“This is a very strategic and synergistic transaction that creates meaningful scale and an exceptional set of capabilities,” said Sameer Patel, a managing director at Angeles Equity. “Combining IPC’s product portfolio and strategic manufacturing locations with VisTech will allow us to better serve our customers with a comprehensive set of differentiated NVH solutions.”
Los Angeles-based Angeles Equity makes control investments in companies with enterprise values up to $200 million that have headquarters and primary operations in the United States and Canada. Sectors of interest include aerospace, automotive, building products, capital goods, chemicals, electronics, manufacturing, metals, transportation and logistics, packaging, and distribution.
© 2023 Private Equity Professional | August 10, 2023
