Brückner Group USA acquires the business of Paragon Molds Corporation

19 January 2017

In order to increase Kiefel’s automotive business in the USA, the Brückner Group USA acquires the business of PARAGON MOLDS CORPORATION on January 1, 2017.

PARAGON, since 1973 a successful partner of many well-known suppliers to the US automotive industry with headquarters in Fraser, Michigan, has 33 employees and develops and manufactures tools for the production of automotive interior components such as door panels, instrument panels and center consoles using a lamination process, as well as tools for foamed and back-foamed components.

Brueckner Group USA and Kiefel belong to the Germany based Brückner Group. "This acquisition expands our North American capabilities and footprint allowing us to better serve our customers" says Brueckner Group USA's President Steven D. Hoenig. "With the addition of Paragon's locally manufactured tools and support, the Kiefel division of Brueckner Group USA will be able to offer a complete manufacturing solution for the important North American market."

“In 2016 the Automotive Technology Center in Livonia, Michigan, was put into operation. Besides laboratory facilities for laminating and punching there is also a milling robot cell and the equipment for prototype and pre-series products at our customers’ disposal”, says Kiefel’s CEO Thomas J. Halletz. „PARAGON, along with the technology center, will raise Kiefel’s operations in the USA to a new level and will significantly increase the market presence.”

David M. Smoger and Daniel V. Smoger, former Owners of PARAGON will take on roles of Vice President Operations and Vice President Tooling of the Kiefel Automotive Division of Brueckner Group USA and will be responsible for all Kiefel automotive activities for the NAFTA market.

 

Source: brueckner.com