NGK SPARK PLUG CO. Completes Acquisition of Wells Vehicle Electronics Business
July 1, 2015, FOND DU LAC, WI — NGK SPARK PLUG CO., LTD. today announced the closing of its acquisition of Wells Manufacturing, L.P. and the Wells Vehicle Electronics business from UCI Holdings Limited. Wells is a global manufacturer and supplier of advanced vehicle electronics components for automotive original equipment and replacement applications.
“Wells, like NGK, is a highly respected and trusted source of quality products for millions of vehicles and other applications,” said Wells President David Peace. “This acquisition significantly strengthens the reach of our respective product portfolios and positions our combined organization for continued growth within the North American market and around the world.”
Founded in Fond du Lac, Wis., in 1903, Wells offers more than 38,000 parts, including distributor caps and rotors, ignition coils, control modules, sensors, wire and cable sets, emissions components, switches, fuel system components, voltage regulators, and diagnostic solutions. The company operates a state-of-the-art headquarters and electronics manufacturing facility in Fond du Lac, an additional manufacturing plant in Reynosa, Mexico, and a product distribution center in Centerville, Iowa. To learn more about Wells, please visit www.WellsVE.com.
Sawaya Segalas & Co., LLC and Nomura Securities International, Inc. acted as financial advisors to UCI on this transaction.
About NGK SPARK PLUG CO., LTD.
NGK SPARK PLUG CO., LTD., headquartered in Nagoya, Japan, is a comprehensive ceramics processing manufacturer. We hold a world leading share of spark plugs and automotive sensors for internal combustion engines and also offer a broad lineup of packages, cutting tools, bio ceramics and industrial ceramics. Our global network of sales and manufacturing organizations, and over 13,000 employees deliver value creation to the world. We are now contributing to a sustainable society by developing products related to the environment energy, next generation vehicles and the medical device and diagnostic. The company’s belief is to embrace the challenge of new era under the catch-phrase of “manufacturing only one and number one product.” For more information concerning NGK SPARK PLUG, please visit www.ngkntk.co.jp/english/index.html.