Toyota Boshoku America, Inc. (TBA) has acquired the joint venture TBDN Tennessee Company, LLC in full ownership. This is reported in the TBA press release.
The financial terms of the deal were not disclosed. The deal completes a 35-year strategic partnership with DENSO International America, Inc. and fully integrates the company into the TBA structure in North America.
The Jackson, Tennessee plant, which began production in 1990, will be renamed Toyota Boshoku Jackson Tennessee, LLC (TBJT) for the production of automotive powertrains and filtration products (cabin air filters, air purifiers, oil filters, manifolds).
From the point of view of Toyota Boshoku management, "the acquisition makes it possible to simplify the decision-making process, accelerate innovation and improve customer service." The production of products under the DENSO brand will be continued at the enterprise in a new structure.
Toyota Boshoku America is a subsidiary of Toyota Boshoku Corp. for the production of automotive interior systems and filtration components. The staff exceeds 14,000 people in 23 branches in North and South America, which supply Toyota, BMW and Subaru products. The headquarters is located in Erlanger, Kentucky.
Toyota Boshoku Corp. — Japanese manufacturer of automotive components. The company sells automotive power transmission systems and components in Japan, the USA, China, and others internationally.
DENSO International America, Inc. is an American supplier of automotive technologies, systems and components (radiators, fuel pumps, heating, ventilation, air conditioners, etc.). The headquarters is located in Southfield (Michigan).
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