Lander Automotive, a leading supplier of assembled products primarily in the automotive sector, has acquired Tricorn USA Inc. (formerly known as Franklin Tubular Products Inc.) from Tricorn Group Plc (in administration).
This follows Lander’s successful acquisition of the business and assets of Tricorn (UK) Limited (in administration) last autumn, which included the businesses formerly known as MaxPower and Malvern Tubular Components.
Lander’s acquisition of Tricorn USA forms part of the Group’s ongoing diversification strategy, further enhances the Lander Group’s global manufacturing footprint and provides a strategic platform into the North American market. Tricorn USA has over 120 dedicated employees, producing a full range of industrial tubular solutions.
Dan French, partner, said “We were delighted to be able to advise the Lander team on this challenging and strategically important acquisition, which provides them with further growth and access to new markets. We wish them every success in integrating the new business seamlessly into the Lander Group.”