07/12/2013
Radiator cap company Stant developed South Korean Joint Venture
Radiator cap manufacturer Stant Corporation, a prominent, incorporated worldwide producer of highly designed v***r and fluid handling elements, has acquired a majority interest in Pyongsan, that will be renamed Stant Korea Corp. The JV will produce fuel filler tube components like radiator caps in South Korea for the Korean & Asian market segments.
Based in South Korea, Pyongsan is a leading global provider of HVAC devices to the global automotive market. Pyongsan formed Pyongsan to manufacture fuel filler tubes and radiator caps to many of the major automotive customers inside the countries of Asia.
Radiator cap manufacturer Stant CEO Mr. Curt Howell said, "We are pleased to be partnering with a quality partner such as Pyongsan. Pyongsan has built a solid manufacturing operation that will serve as our platform in South Korea. This operation, which will manufacture fuel filler tubes and radiator caps to the local markets, represents Stant’s third operation in Asia, and further demonstrates our commitment to meet our customers’ increasingly global needs.”
Pyongsan President Mr. Francis Yoon, who will continue with the JV, Said, "We are pleased to be partnering with Stant, whose industry leading R&D, manufacturing capabilities, and overall ex*****on will help us deliver quality products like radiator caps to our current and future customers. We look forward to helping Radiator cap manufacturer Stant in their commitment to grow their Asian operations."
"We are pleased to support Stant in its latest acquisition," commented Roman Krislav, a Principal with H.I.G. Capital. "This represents the third transaction for Stant consummated under H.I.G.’s ownership, and solidifies Stant’s position in the important Korean and other Asian markets. We believe the combination of Pyongsan’s local presence and Stant’s unparalleled v***r product expertise will be a unique, value-added combination for Stant’s Asian and global customers."
Stant, an international integrated radiator caps producer of highly designed v***r & fluid control elements, has acquired Shelby Enterprises, Inc. on November 2010. The radiator caps manufacturer Stant serves as the portfolio company of H.I.G. Capital, LLC. H.I.G. Capital is a leading international private investment firm.
“Shelby is a high quality provider of radiator caps and v***r line products, which is a strategic area in which radiator caps manufacturer Stant has been looking to expand and grow. We were very impressed with Shelby’s management, operations, employees’ capabilities and the Company’s excellent reputation with its customers. We are excited about the potential to grow this category in the US and abroad in the coming years,” commented Curt S. Howell, Radiator cap manufacturing company Stant CEO. “This deepens our pe*******on in the v***r emissions category and continues to position Stant well to capitalize on the tightening emissions standards in the automotive, industrial and small engine markets.”
Radiator cap producing company Stant is an acknowledged world frontrunner in the development and manufacturing of Vapour control methods, Gasoline delivery solutions, Thermal control devices as well as Design solutions.
As the leading producer of Radiator Caps, on-board vapour recovery components, and engine and transmission cooling components, Stant provides grown its industry-leading position by capitalizing on its vast-ranging expertise as well as ability to provide its customers along with innovative solutions with regard to demanding applications. The Company is focused on Radiator caps in 3 areas as well as three solution brand sectors: Automotive OEM, Industrial and After Market.
To get more information regarding Stant radiator caps, Radiator Cap products and solutions it creates, as well as solutions it offers, please visit Radiatorcapusa.com/
The radiator cap is a very important part of a vehicle's cooling system. The radiator cap is considered the safety valve of the cooling system. That’s why Stant radiator caps are the best choice for your vehicle.
