American Industrial Acquisition Corp. of Greenwich, Connecticut, has purchased the business and assets of General Super Plating in Syracuse, New York.
Jeffrey Sands, AIAC vice president, says the acquisition will further enhance AIAC’s relationships in the worldwide automotive and appliance industries, and support portfolio companies iP3 Plastics and Arnprior Rapid Manufacturing Solutions Inc.
“We are very pleased to welcome GSP’s highly skilled workforce and its 82 year heritage of producing quality coatings for some of the top manufacturers in North America,” Sands says. “GSP provides AIAC companies and its global customers valuable technical capabilities.”
General Super Plating President J.T. Jacus says his company also is delighted to join AIAC. “GSP will benefit from AIAC’s reputation for quality, financial strength and global reach,” he says. “This is a major step forward for our company, our customers and our employees.”
Founded in 1932, General Super Plating specializes in plating decorative, protective and functional finishes on plastics and metals, and will continue to operate from its 77,000-square-foot facility in East Syracuse, where the company employs more than 100 people. The company serves well-known companies in the automotive, appliance, electrical, electronics, marine, medical, military, personal care and plumbing industries. Its current and former clients include Chrysler, Ford, General Motors, Volkswagen, Nissan, Honda, Harley Davidson, Bosch, General Electric, Whirlpool, Hamilton Beach, Hewlett Packard, IBM and Xerox.
Formed in 1996, AIAC is a closely-held industrial group of 58 manufacturing operations with more than 9,500 employees in 18 countries in North America, Europe, Africa and Asia. Its total annual revenues exceed $1.5 billion. AIAC’s companies manufacture precision products and equipment for a variety of end markets, including automotive, truck, rail, appliance, aerospace, defense, petro-chemical, mining, power generation, refrigeration, packaging and medical.