Houlihan Lokey Advises Toledo Molding & Die

Houlihan Lokey is pleased to announce the sale of Toledo Molding & Die, Inc. (TMD), a portfolio company of Industrial Opportunity Partners (IOP), to Grammer AG. The transaction closed on October 1, 2018.

Headquartered in Toledo, Ohio, TMD is a leading full-service automotive supplier that designs, develops, and manufactures highly engineered molded thermoplastic components and assemblies such as interior cockpit modules, and air and fluid management products. TMD also designs and builds molds and related tools for its injection and blow molded components. The company has approximately 1,600 employees and operates out of 10 facilities in the United States and Mexico.

IOP, an Evanston, Illinois-based private equity firm with $910 million of committed capital since inception, is dedicated to creating value through investing in manufacturing and value-added distribution businesses with sales between $30 million and $400 million. IOP focuses on businesses with strong product, customer, and market positions, and provides management and operational resources to support sales and earnings growth at its businesses.

Located in Amberg, Germany, Grammer specializes in the development and production of components and systems for automotive interiors as well as suspended driver and passenger seats for onroad and offroad vehicles. In the Automotive Division, Grammer supplies headrests, armrests, center console systems, and high-quality interior components and operating systems to premium automakers and automotive system suppliers. The Commercial Vehicles Division comprises seats for the truck and offroad seat segments (tractors, construction machinery, forklifts) as well as train and bus seats. With over 13,000 employees, Grammer operates in 19 countries around the world.

With the acquisition of TMD, Grammer is gaining access to additional process and production expertise for interior components and is successfully continuing its strategy of expanding market position in North America. Grammer's global presence will allow TMD to capture significant growth potential in Europe and China.

Houlihan Lokey served as the financial advisor to TMD and assisted in initiating, structuring, and negotiating the transaction. This transaction highlights Houlihan Lokey's expertise in the global automotive and industrial services sectors and demonstrates the firm's capabilities in executing cross-border transactions. With this transaction, Houlihan Lokey has further strengthened its credentials as a premier advisor to the world's leading automotive and industrial service companies.

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