Private equity firm MiddleGround Capital acquired majority ownership of Dura Automotive Systems, a global designer and manufacturer of automotive systems including mechatronics, lightweight structures and exterior trim.
DURA Automotive Systems will invest $59 million to lease and equip a plant in Muscle Shoals, Alabama, to manufacture battery trays for electric vehicles, creating 279 jobs.
DURA Automotive Systems will open a $59 million manufacturing facility in Muscle Shoals, Alabama to produce battery trays for electric vehicles, creating 279 jobs.
MiddleGround Capital acquired majority ownership of Dura Automotive Systems from Bardin Hill Investment Partners. Dura is a global designer and manufacturer of automotive systems, including mechatronics and lightweight structures.
Pelloby designed, manufactured and installed a 20t electric overhead travelling crane for Dura Automotive Systems' plant in Birmingham, UK, to assist with injection moulding processes.
| Site | Largest | Latest |
|---|---|---|
| Muscle Shoals, United States | $59.0M | 2020-08-25 |