ABC Technologies Inc. (Formerly ABC Group, Inc.)

Company Profile

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■Address

2 Norelco Drive, Toronto, Ontario, M9L 2X6, Canada

Business Overview

-The Company is a Tier 1 supplier that designs, engineers, manufactures, and sells plastic systems and components for the automotive industry. The Company’s products are used in functional and decorative applications and fluid management solutions. Its capabilities include blow and injection molding, thermoforming, sheet extrusion, compression molding, interior and exterior painting, and material compounding.

-The Company’s products are organized into six product groups:

Interior Systems
Exterior Systems
HVAC Distribution Systems
Air Induction Systems
Fluid Management Systems
Flexible Products

Acquisitions and Restructuring

-On November 29, 2024, the Company reached an agreement for an all-cash acquisition of the entire ordinary share capital of TI Fluid Systems plc. The acquisition will enable the Company and TI Fluid Systems to expand their global footprint and their product portfolio, extending their reach to more customers. On April 15, 2025, the Company completed the acquisition of TI Fluid Systems plc for an enterprise value of GBP 1.8 billion. With the closure of this acquisition, the combined entity will be rebranded as TI Automotive later in 2025. The combined entity had pro forma revenue of USD 5.4 billion in 2024 and 34,600 employees across 26 countries.

-On August 23, 2023, the Company entered into an agreement to acquire the automotive business of Plastikon Industries, which will be renamed Plastikon Automotive upon completion of the transaction. Plastikon Automotive develops and manufactures plastic assemblies, automotive interior parts, and EV battery housings. Its portfolio includes injection molding headliners, door assemblies, center console assemblies, and cluster meters. The Company will acquire Plastikon Automotive for a purchase price of USD 130 million. The transaction closed in the third quarter of 2023.

-On September 5, 2023, the Company entered into a definitive agreement to be taken private. The agreement involves AP IX Alpha Holdings (Lux) S.à.r.l. (Alpha Holdings), and Oaktree Capital Management funds including OCM Luxembourg OPPS XI S.à.r.l. (OPPS XI) and OCM Luxembourg OPPS XB S.à.r.l. (OPPS XB). The three purchasers will acquire all the Company’s shares that they currently do not own, purchasing the shares at CAD 6.75 per share, representing a premium of approximately 32%. As of September 5, 2023, Alpha Holdings owns 65.1% of the Company’s shares and Oaktree Capital Management holds 28.3% of the shares through its funds. The agreement was approved by the Company’s security holders on October 19, 2023. On October 26, 2023, the Company closed the transaction between the parties and delisted its shares from the Toronto Stock Exchange. With the completion of the agreement, Alpha Holdings holds 69.7% of the Company’s shares and Oaktree owns 30.3% of the shares.

Shareholders

-On April 15, 2025, the Company completed the acquisition of TI Fluid Systems plc by purchasing all of its ordinary share capital. With the acquisition, the resulting combined entity is expected to rebrand as TI Automotive later in 2025. The combined TI Automotive entity is majority owned by specific affiliate funds of Apollo Global Management, Inc. and its subsidiaries, while funds managed by Oaktree Capital Management, L.P. own a minority equity interest.

-On October 26, 2023, AP IX Alpha Holdings (Lux) S.à.r.l. (Alpha Holdings), and Oaktree Capital Management funds through OCM Luxembourg OPPS XI S.à.r.l. (OPPS XI) and OCM Luxembourg OPPS XB S.à.r.l. (OPPS XB) completed the acquisition of the Company’s remaining share s. Upon the completion of the transaction, the Company was delisted from the Toronto Stock Exchange and became a privately held entity.

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Products

Interior Systems

Floor consoles
Cargo management systems
Instrument panel components
Cargo floors
Structural seat backs
Load floor/deck boards
Knee/side boards
Door panels
Garnish trim
Door panel trim
Deco trim

Exterior Systems

Spoilers
Running boards
Bumper systems
Body side moldings
Rocker panels
Cladding
Cargo management systems
Bed extenders
Roof ditch moldings

HVAC Distribution Systems

Defroster ducts
I/P ducts
Front floor ducts
Rear ducts
Console ducts
Auxiliary ducts
Battery cooling ducts
Brake cooling ducts
Air guides
Aspirator ducts
Module components

Air Induction Systems

Integrated air induction systems
Turbo ducts
Air intake ducts
Resonators
Air cleaner housings
Clean/dirty air ducts
Air box filters

Fluid Management Systems

Windshield washer reservoir assemblies
Coolant overflow reservoir assemblies
Surge tank assemblies
Power steering reservoirs
Battery trays

Flexible Products

CVJ boots
Rack pinion boots
Air demister hoses
Prop shaft boots
Suspension dust covers
Steering column covers

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History

1974	ABC Group Inc. formed.
1977	Acquired Polybottle.
1985	Entered a joint venture agreement with Inepsa in Spain to form Plasticos ABC S.A.
1986	Formed a joint venture with Todd Stewart to form International Sales & Engineering Inc.
1987	Formed a joint venture with Nishikawa Kasei Co. of Japan to form N-A Plastic Co., Ltd., a blow-molding plant.
1990	Formed a joint venture in Germany for marketing and development of blow-molded products.
1994	ABC Automobil Formteile GmbH in Germany and Plasticos ABC Spain, S.A. became wholly owned and managed by the Company.
1997	International Sales & Engineering Inc. became wholly owned and managed by the Company.
1999	MSB Plastics Manufacturing Ltd. became wholly owned and managed by the Company.
2001	Acquired Hynes blow-molding operation from Lankfer Diversified Industries Incorporated.
2010	ABC Group Fuel Systems announced strategic alliance with YAPP Automotive Parts Co. Ltd.
2011	Entered a joint venture agreement with Ningbo Inoac Huaxiang Automobile Products Co. Ltd. in China.
2011	Signed Global Alliance agreement with Japan's Inoac Corporation.
Jul. 2016	Acquired by Cerberus Capital Management, L.P., a leading global private investment firm.
2021	Changed the name from ABC Group Holdings Parent Inc. to ABC Technologies Holdings Inc.
2021	Listed on the Toronto Stock Exchange
Mar. 2022	Acquired dlhBowles Inc. from MPE Flow House Inc. for USD 258,661 in cash. Based in North America, dlhBowles is a leading manufacturer of camera and sensor cleaning systems, windshield washer systems, sunroof drains, powertrain, and chassis solutions.
Mar. 2022	Acquired 89.9% of Karl Etzel GmbH’s shares. Etzel is based in Mühlacker (Germany) and is a leading tier-1 and tier-2 supplier to the German luxury OEMs. It’s expertise in injection molding plastics for automotive interiors and exteriors.
Mar. 2023	Acquired 100% shares of WMG Technologies Inc. and its subsidiaries. The company is a leading tier-1 and tier-2 supplier of exterior products, complex tooling for injection molded exterior and interior parts, and other products to global OEMs.
Aug. 2023	Entered agreement to acquire automotive business of Plastikon Industries, a manufacturer of plastic assemblies, interior parts, and EV battery housings.
Oct. 2023	Completed transaction in which Alpha Holdings and Oaktree Capital Management funds acquired the remaining shares of the Company, making the Company a private entity and delisting it from the Toronto Stock Exchange.
Apr. 2025	Completed acquisition of TI Fluid Systems plc for GBP 1.8 billion. With the acquisition, the combined entity will be rebranded as TI Automotive in the future.