Tipton car parts company changes hands

CAB Automotive on Vaughan Trading Estate, Sedgley Road West, has been bought from parent Advancel

HP Pelzer Holding GmbH has announced the acquisition of Tipton firm CAB Automotive Limited from its parent company Advancel by Germany's HP Pelzer Holding a subsidiary of Witten-based Adler Pelzer Group, a worldwide leader in the design, engineering and manufacture of acoustic and thermal components and systems for the automotive industry.

The group has a network of manufacturing plants, and research and design facilities in more than 70 locations with over 11,000 employees worldwide.

CAB Automotive, which was founded in 2005, makes and supplies seating, interiors and parcel trays for both vehicle manufacturers and tier one suppliers to the automotive sector. Customers include Jaguar Land Rover, Bentley, Aston Martin and McLaren.

The company, which has a 110,000 sq ft site at Vaughan Trading Estate,turns over in the region of £40 million a year. Its workforce grew from 100 to 600 in h=just six years.

Pietro Lardini, chief executive of the Adler Pelzer Group, said: “We are extremely pleased to integrate the CAB Automotive team, competences and facility in the Adler Pelzer Group to build further its recognised superior quality, lean manufacturing skills and constant innovation, including high-functionality and first-class designs.”

Chairman of CAB Automotive, Brian Miles, said: “We are pleased to have been acquired by the Adler Pelzer Group. This secures a path for an even brighter future. Our customers will have a greater range of products and technologies to meet their needs. The acquisition also brings further development opportunities for the team and the location.

“I would also add that we greatly appreciate the contribution the Regional Growth Fund and Sandwell Council have given the organisation which has resulted in such an opportunity.”