Shiloh Industries, Inc.

Company Profile

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■Address

880 Steel Drive, Valley City, OH 44280, USA

Business Overview

-The Company designs and manufactures body structure, chassis, and propulsion systems and components for the automotive industry through stamping, hot forming, and welding processes. Its solutions are focused on enhancing vehicle efficiency, reducing weight, and improving safety and driving performance.

-The Company’s multi-component solutions utilize a range of alloys across various aluminum, magnesium, and steel grades. The Company also provides the ShilohCore proprietary line of NVH reducing acoustic laminate products.

-On November 30, 2020, MiddleGround Capital acquired majority ownership of the Company. The transaction is MiddleGround’s seventh platform acquisition made from its first fund and the firm’s fifth acquisition of 2020. This transaction also marked MiddleGround’s second automotive deal sourced, diligence, and closed during the COVID-19 pandemic.

Shareholders

-MiddleGround Capital has majority ownership of the Company since November 2020.

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Products

Body systems
-Lightweight EV battery trays
-Aluminum and UHSS cross car beams
-Composite/hybrid rear shelf trays
-Engine carriers
-Lightweight motor carriers
-Aluminum and UHSS door structures and headers
-Laser welded tubes
-Front-end carriers
-Rocker panel systems
-Side impact beams
-Integrated crash intrusion beams
-B-pillarless structures
-Seat frame structures
-Transaxles
-Hinge assemblies

Chassis systems
-Tire carriers
-Lightweight suspension arms
-Parking brake controls
-Parking brake cable systems
-Integrated parking brake and cable systems
-Hand and foot parking brake controls
-Lightweight parking brakes
-Electric parking brakes
-Clutch release parking brakes
-Push-to-release parking brakes
-Self-adjusting parking brake systems

Interior systems
-Human machine interfaces
-Shifter controls
-Parking brake controls
-Pedal controls
-Control cables
-Seating structures
-Seat recliner mechanisms
-Fold-flat seating systems
-Seat control mechanisms and cables

Powertrain systems
-Mono-stable and bi-stable shift-by-wire systems
-Rotary shift-by-wire controls
-Shift-by-wire actuators
-Return-to-park actuators
-BEV drivetrain decoupling actuators
-MTX start-stop features
-Park lock actuators
-Manual park release cables
-ATX and MTX cable shift systems
-Guide controls and inertia modules
-Tubes and fuel rails
-Charge air coolers
-Valve spring retainers

Electrical systems
-Shift-by-wire electronics
-Lighting technologies
-Mechatronic actuators

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History

1950	The Company was established as Shiloh Tool & Die Manufacturing company. Began to design and manufacture precision tools and dies.
1960's	The Company expanded into blanking and stamping operations.
April 1993	Shiloh Industries, Inc. was organized as a Delaware corporation to serve as a holding company for its seven operating subsidiaries.
July 1993	The Company completed an initial public offering of common stock in NASDAQ.
Jan. 1996	The Company entered into a joint venture with Rouge Steel Company and formed a limited liability company, Shiloh of Michigan, L.L.C. to produce engineered steel blanks. (The Company 80% : Rouge Steel 20%)
Nov. 1996	The Company acquired substantially all of the assets of Greenfield Die & Manufacturing Corp., headquartered in Canton, Michigan. Greenfield Die & Manufacturing Corp. provides a variety of value-added processes, including tool and build, stamping, assembly, welding, prototyping operations, and mold design and manufacture.
Aug. 1997	The Company acquired C & H Design Company, d.b.a, / C & H Die Technology d.b.a. Utica Tool and Die (C & H). *In Oct. 2000, the Company closed C & H.
Oct. 1997	The Company incorporated Jefferson Blanking, Inc., Pendergrass, Georgia and commenced operations in July 1998.
Nov. 1999	The Company acquired MTD Automotive, the automotive division of MTD products Inc, headquartered in Cleveland, Ohio for USD 20.0 million in cash and the issuance of 1,428,531 shares of common stock.
July 2000	The Company announced that it would seek strategic alternatives for two of its tool and die facilities, C & H and Canton Tool & Die, and one of its steel processing facilities, Valley City Steel. (In October 2000, the Company closed C & H Co.) The Company currently intends to sell the assets of Canton Tool & Die, the assets of the steel processing facility of Valley City Steel and certain assets of C &H. The Company anticipates these sales will be completed in fiscal 2001.
Aug. 2000	The Company acquired substantially all the assets of Dickson for approximately USD 49.2 million, including approximately USD 1.2 million in acquisition costs.
Aug. 2001	The Company completed on July 31 the previously announced sale of its steel-processing subsidiary Valley City Steel Company to Viking Industries, a privately held Minority Business Enterprise headquartered in Cleveland, Ohio. The Company sold them to Viking Industries for USD 12.4 million in cash. The Company and Viking formed a joint venture, Valley City Steel, LLC, in which the Company owns a 49% minority interest and Viking owns a 51% majority interest.
Dec. 2002	Valley City Steel LLC has sought Chapter 11 bankruptcy protection. The Company owns a 49 percent interest in Valley City, which it said requested protection. Viking Steel LLC, which owns the remaining 51 percent of Valley City, filed the bankruptcy petition on behalf of Valley City.
Apr. 2011	Started operations at the Bowling Green Manufacturing facility in Kentucky.
2012	Sold Mansfield blanking facility and property in Ohio.
Aug. 2013	Acquired Contech Castings LLC, a supplier of high-pressure aluminum die parts.
May 2014	Agreed to acquire Finnveden Metal Structures which is a Sweden-based stamping and magnesium die casting supplier.
Oct. 2014	Acquired stamping parts supplier Radar Industries in USA.
Dec. 2014	The company announced the opening of its Montgomery County, Tennessee, aluminum die casting plant.
Apr. 2015	The Company announced plans to open a new aluminum casting plant in Nantong, China in a joint venture with Suzhou Sanji Foundry Equipment Co., Ltd. (Sanji)
Apr. 2017	the Company announced that its Clarksville operation will manufacture magnesium cross car beams, or the large panel to which the dashboard mounts.
Nov. 2020	MiddleGround Capital announced today that it has acquired majority ownership of Shiloh Industries, Inc.
Apr. 2021	Aludyne has acquired the Company’s CastLight division.
Oct. 2021	Acquired two Benteler Automotive stamping plants in Goshen, Indiana and Kalamazoo, Michigan.