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Motherson Group, through its subsidiary SMP Automotive Systems Alabama, has completed the acquisition of Alabama-based automotive plastics supplier Bolta US for $35.7 million in fixed assets. The deal was authorized by the US Bankruptcy Court.
Purico, through its subsidiary Bolta US, opened a £55 million factory in Tuscaloosa, Alabama, to produce automotive components such as insignia grilles and chrome flashings for Audi, Mercedes-Benz, and Volkswagen. Production started earlier in 2017, with official unveiling on July 21.