Dura completes sale of North American jack and tool kit business

By Caroline Salls

Pittsburgh, Dec. 5 - Dura Automotive Systems, Inc. has completed the sale of its North American jack and tool kit business to automotive supplier Autoline Industries Ltd., according to a company news release.

Dura said the sale was part of a corporate restructuring program.

According to the release, the company's jack and tool kit business has one U.S. plant located in Butler, Ind., with roughly 140 employees.

With annual revenues of about $25 million, Dura said the jack and tool kit business produces automotive bottle jacks, scissor jacks and related products for automotive jack tool kits, and it has the capability for metal stamping and powder coat paint and assembly.

"This is our second strategic acquisition in the United States this year and now provides us with a manufacturing location that complements our global engineering center in Troy, Michigan, and our existing manufacturing locations in India," Autoline chairman Gopal Patwardhan said in the release.

"We are excited with the enhanced ability to service our global automotive and non-automotive customers."

Dura, a Rochester Hills, Mich.-based automotive parts maker, filed for bankruptcy on Oct. 30, 2006 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 06-11202.

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