Hilco Finance LLC Completes Purchase of Trim Trends Co.
Hills, MI - Hilco Finance LLC, an affiliate of Hilco Capital
LP, has completed the purchase of the assets of Trim Trends
Co., an indirect, wholly owned subsidiary of Harvard Industries,
Inc. Trim Trends Co., Headquartered in Farmington, Hills,
Michigan, is a tier I and II supplier of automobile and light
truck component parts. It operates four manufacturing facilities
located in Bryan, Ohio; Spencerville, Ohio; Deckerville, Michigan;
and Dundalk, Ontario. The company employs over 570 people.
Trends, founded in 1946, supplies decorative trim as well
as performance metallic fabrications to the North American
car and truck industry. Throughout its history, Trim Trends
has been recognized for its innovative product designs and
fabrication processes. It has won the prestigious Gold Award
from Daimler-Chrysler a record six consecutive times, an award
bestowed for exacting performance. It has also earned the
Q-1 from Ford Motor Company, among many other quality awards.
Trim Trends provides its customers with state of the art,
metal fabrications utilizing their roll-forming, stamping,
bending, and welding technology in the production of door
intrusion beams, suspension link components, seat tracks,
door frames, and other structural metallic fabrications, many
from ultra high-strength steels, along with decorative trim
parts, and transmission hubs. Among the assets purchased were
numerous patents for product designs and manufacturing techniques
for a variety of high volume current production vehicles.
L. Koenig, President and CEO of Hilco Capital LP said, "We
have been familiar with Trim Trends for some time and we have
been very impressed with the quality of the company's products
and its management team. We are even more impressed with the
significant support that the customers have shown Trim Trends
in the past. Throughout this time period, Trim Trends has
continuously operated effectively and earned new business.
Recent new business contracts awarded to Trim Trends underscored
Trim Trends' value-added position in the marketplace, which
reinforced and solidified our decision to make the investment."
L. Kuta will continue in his role as President, a position
he has held for five years. Mr. Kuta added, "We are very
excited and energized with the Hilco Finance acquisition of
our company. Hilco brings significant financial resources
to Trim Trends and a vision to take us to the next level.
Adding Jim Gray to our team is evidence of the Hilco commitment
to grow and expand our business. We intend to continue to
be an important strategic partner to our customers and suppliers.
Their faith and continued support will be remembered and rewarded."
Capital LP is an investment fund specializing in providing
junior secured debt, tranche B debt, mezzanine financing and
senior bridge financing throughout North America. Some of
the largest banks and financial institutions in North America
comprise the investor limited partners of Hilco Capital LP.
Hilco Capital provides financing for a broad cross-section
of manufacturers, distributors, retailers, importers and service
learn more about Trim Trends Co., visit: www.trimtrendsco.com
To learn more about Hilco Capital, visit: www.hilcocapital.com.
Marketing Communications Counsel, Inc
33316 Grand River Ave.
Farmington, MI 48336