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vehiclesafetymfg.com

Stage

Acquired | Acquired

About Vehicle Safety Manufacturing

Vehicle Safety Manufacturing is a New Jersey-based manufacturer of turn-signal switches and lighting products for the heavy-duty truck and slow-moving vehicle market.

Vehicle Safety Manufacturing Headquarters Location

408 Central Ave

Newark, New Jersey, 07107,

United States

973-643-3000

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Latest Vehicle Safety Manufacturing News

Rostra Precision buys Grote’s turn signal switch products

Jun 30, 2015

June 29, 2015     0 Comments Vehicle Safety Manufacturing, a division of Rostra Precision, has acquired the turn signal switch product line from Grote Industries Inc. Financial terms weren’t announced. Rostra is a portfolio company of Superior Capital Partners LLC. PRESS RELEASE DETROIT, June 29, 2015 /PRNewswire/ — Superior Capital Partners LLC, a Detroit-based private equity firm, announced today that it has completed an add-on acquisition for its Rostra Precision Controls (“Rostra”) platform. Vehicle Safety Manufacturing (“VSM”), a division of Rostra, has acquired the turn signal switch product line from Grote Industries, Inc. in Madison, Indiana. The transaction represents the 20th acquisition from Superior’s 2008 inaugural fund. VSM is a supplier of heavy duty turn signal switches, lighting products and safety components to both Original Equipment Manufacturers and aftermarket customers in the heavy duty and slow moving vehicle marketplaces. The acquisition of Grote’s turn signal switch operation positions VSM as the undisputed leader of domestically produced turn signal products for the North American heavy duty truck market. The assets and manufacturing lines are being relocated to VSM’s manufacturing facility in Newark, NJ. Rostra Precision Controls is a leading manufacturer and distributor of electronic accessories including obstacle sensing systems, cruise controls and comfort systems to the light-vehicle aftermarket. The VSM Division, which was added to Rostra in 2014, provides Rostra with access to the heavy duty and slow moving vehicle markets. Rostra also manufactures electronic transmission components for the automotive aftermarket and for original equipment manufacturers. Mark Carroll, Superior’s Managing Partner, commented, “The acquisition of the Grote product line represents exactly the type of operationally intensive, value-added bolt-on that we seek in order to create out-sized returns for our investors. We’ve been working with the Rostra management team and Grote’s customers for months in preparation for the move of the production line. When it is successfully transitioned, VSM will have the number one market position and have the lowest cost operation. The acquisition of the Grote product line also brings technology that we intend to commercialize in order to further strengthen the company’s position.” As a special situations fund, Superior combines capital, transaction experience and operational improvement expertise with proven management teams who have the vision, capability and commitment to successfully improve and grow their businesses. Superior seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Generally, these companies will have annual revenue of $10 to $150 million, identifiable growth opportunities and the need for capital and resources to implement a growth and recovery plan.  

  • Where is Vehicle Safety Manufacturing's headquarters?

    Vehicle Safety Manufacturing's headquarters is located at 408 Central Ave, Newark.

  • What is Vehicle Safety Manufacturing's latest funding round?

    Vehicle Safety Manufacturing's latest funding round is Acquired.

  • Who are the investors of Vehicle Safety Manufacturing?

    Investors of Vehicle Safety Manufacturing include Rostra Precision Controls.

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