Morrison Foerster advised Plastikon Industries Inc. in the sale of Plastikon Automotive to ABC Technologies Holdings Inc., a leading manufacturer and supplier of custom, highly engineered, technical plastics, and light weighting innovations to the North American light vehicle industry. Currently part of Plastikon Industries, Plastikon Automotive is a Tier One and Tier Two supplier of automotive battery module housings, injection molding headliners, door assemblies, center console assemblies and cluster meters. The transaction is expected to close in the third calendar quarter of 2023 subject to the satisfaction of customary closing conditions.
The core MoFo deal team advising Plastikon Industries was led by San Francisco corporate partners Murray Indick and Matt O’Donnell, together with corporate associates Wonnie Lee and Gabriella Fortun.