Chinese state-owned aerospace and defense company Aviation Industry Corporation of China (AVIC) has acquired automobile parts maker Henniges Automotive Holdings, Inc. from U.S. private equity firm, Littlejohn & Co.
Financial details are not disclosed, but a company announcement says the deal is one of the largest acquisitions by a Chinese company of a U.S.-based automotive manufacturing company in history.
AVIC Auto also previously purchased Michigan-based Nexteer Automotive Group Ltd. in 2011.
Henniges Automotive was acquired by Greenwich, Connecticut-based Littlejohn in 2010.
Auburn Hills, Michigan-based Henniges Automotive designs, manufactures and sells dynamic sealing and anti-vibration solutions that keep vehicles quiet and dry.
Henniges is in the process of expanding its global footprint with new factories located in China, Mexico and Germany.
AVIC’s acquisition of the company will likely mean faster and further expansion in the Chinese market.
