Walor North America, part of the FerrAl United Group and ultimately owned by Mutares, has signed an agreement to acquire TSM Corporation, a US-based manufacturer of precision machined components and value-added assemblies, from private equity firm HCI Equity Partners and other minority shareholders.
The transaction, envisaging a simultaneous signing and closing, will strengthen the Automotive & Mobility segment of Mutares and its presence in the North American market.
Headquartered in Auburn Hills, Michigan, with an additional production facility in Ramos Arizpe, Mexico, TSM specialises in the production of complex, close-tolerance steel and aluminium components for a wide range of applications.
The company’s portfolio includes chassis and suspension components, tow hooks, as well as engine and powertrain parts, serving blue-chip OEMs and Tier 1 suppliers in the automotive industry.
With approximately 240 employees –185 based in the United States and 55 in Mexico – TSM generated revenues of approximately $120m in 2024 with an adjusted EBITDA margin close to 10%.
