Johnson Electric to Acquire Stackpole International
Johnson Electric Holdings Ltd., a global leader in electric motors and motion subsystems, agreed to acquire the Stackpole International group of companies, a leading supplier of engine and transmission pumps and powder-metal components, primarily for automotive applications. Stackpole, headquartered in Ontario, Canada, has a 109-year history as a supplier of highly engineered components to the automotive industry. It employs over 2,000 individuals across a global operating footprint that includes nine manufacturing facilities in North America, Europe and Asia. Its customer base is comprised mainly of the world’s leading automotive OEMs and their Tier-1 suppliers.
According to Johnson Electric, acquiring Stackpole’s powder-metal expertise is an excellent fit that will enable the company to provide integrated motorized pump solutions to customers in a rapidly growing market segment within the automotive industry.