Atlas Holdings, a Greenwich-headquartered private equity and investment firm, has acquired U.S. Farathane (USF), a provider of manufacturing services for plastic injection-molded components used in the automotive industry.
USF is headquartered in Auburn Hills, Michigan, and operates 18 manufacturing facilities in the U.S., Mexico and China. The company”™s clients include General Motors, Ford, Stellantis, Tesla, Toyota, Honda, Rivian and other leading global automotive OEMs and Tier 1 suppliers.
USF was acquired from The Gores Group, a private equity firm in Beverly Hills, California. The financial terms of the transaction were not disclosed, and current USF CEO Andy Greenlee will retain the chief executive role and also assume the title of chairman of the board.
“USF has built a strong reputation as a leading automotive supplier and we are looking forward to working alongside Andy Greenlee and his highly capable team to support the next phase of USF’s growth and development,” said Atlas Holdings Managing Partner Jacob Hudson.
Photo: A view of a U.S. Farathane manufacturing site, courtesy of the company
