Atlas Holdings signs agreement to acquire SRG Global
Troy, Mich., October 17, 2024
Atlas Holdings and Guardian Industries have signed an agreement for an affiliate of Atlas Holdings to acquire SRG Global, one of the world’s leading manufacturers of integrated and functional decorative trim systems for the automotive, mobility, and commercial truck industries. Terms of the transaction were not disclosed. The transaction is anticipated to close by early 2025, subject to customary closing conditions and regulatory approval.
Headquartered in Troy, Michigan, SRG Global manufactures premiere automotive components across sites in North America, Western and Central Europe and Asia. Upon closing of the transaction, SRG Global would be the latest automotive component manufacturer to join the Atlas family of companies, alongside Motus Integrated Technologies, Carlex, the Edison Group Companies and US Farathane.
“Automotive supply has long been a sector of focus for Atlas, and we see tremendous potential for continued investments in the years ahead. We are looking forward to working with the talented team at SRG Global to strengthen the business’ reputation as a leading supplier of integrated, functional decorative systems for the automotive and commercial truck industries,” said Atlas Managing Partner Jacob Hudson.
Michael Lee, President, SRG Global, adds “With Atlas Holdings’ capital, strategic commitment and vision for building businesses, SRG Global will be positioned for long-term growth and an enhanced competitive position. We’re excited to build upon our strong existing foundation as a member of the Atlas family of companies.”