Auburn Hills-based TI Automotive, a supplier of fluid systems technology, has acquired Millennium Industries Corp., a producer of powertrain products for the automotive industry in Indiana. Terms of the deal were not disclosed.
“Adding Millennium’s successful powertrain products, operations, and technical expertise increases our ability to do what we do best — develop and manufacture technology that helps improve fuel economy and performance, while reducing emissions,” says Bill Kozyra, chairman, CEO, and president of TI Automotive. “Furthermore, it expands our global reach within the rapidly growing powertrain field.”
Kozyra says TI Automotive will retain Millennium’s 150,000-square-foot manufacturing facility in Ligonier, Indiana, located in the northeast corner of the state, along with its 500 employees.
Kozyra says the move strengthens TI Automotive’s powertrain portfolio, which includes gasoline direct-injection lines and rails, diesel fuel lines, and turbocharger cooling lines for passenger cars and light trucks.
TI Automotive has 25,000 employees working at more than 125 locations in 29 countries. TI Automotive was founded in 1922 as the Bundy Tubing Co., which produced fuel lines for the Ford Model T. Last month, the company moved to a new, larger headquarters in a 140,000-square-foot facility in Auburn Hills.â€‹