July 26, 2014 5:20 AM ET

Auto Components

Company Overview of Henniges Automotive, Inc.

Company Overview

Henniges Automotive, Inc. designs, manufactures, and markets vehicle sealing and anti-vibration solutions for the automotive industry. It offers vehicle sealing products, including door, hood, rear compartment, and auxiliary seals, as well as glass runs, inner and outer belts, upper reveals and appliqués, glass encapsulation solutions, and obstacle detection systems; and anti-vibration products, such as suspension strut mounting, spring pads, stabilizers, control arm and damping bearings, insulator bushings, bushings, and bushing control arms. The company serves automotive original equipment manufacturers and multi-tier automotive customers worldwide. It has strategic alliances with Amee Rub...

2750 High Meadow Circle

Auburn Hills, MI 48326

United States

Founded in 1863

Phone:

248-340-4100

Fax:

248-340-4341

Key Executives for Henniges Automotive, Inc.

Chief Executive Officer and President
Age: 52
Chief Financial Officer
Executive Vice President of Asian Operations
Vice President of Human Resources
Director of Purchasing NAO & Global Logistics
Compensation as of Fiscal Year 2014.

Henniges Automotive, Inc. Key Developments

Henniges Automotive Seeks Acquisitions In China

Henniges Automotive, Inc. is seeking acquisitions. "Part of our plan is basically to have an answer for any region that our major customers operate in," said Douglas DelGrosso, Henniges President and Chief Executive Officer. "We think we've satisfied that now. That was an issue that existed 18 months ago. Many of our auto makers are building off a global platform. They've determined that it's more efficient for them to single source to suppliers who have the ability to do the same." It was a necessary structural entry point," DelGrosso said. "It's operated very, very well through the years. But as things changed and the market evolved in China, western companies were allowed to set up independent wholly owned operations. Many of the automotive suppliers wanted to pursue that direction instead of relying solely on a joint venture."

Henniges Automotive, Inc. Announces Executive Changes

Henniges Automotive, Inc. announced the appointment of Douglas DelGrosso as Chief Executive Officer, effective August 1, 2012. DelGrosso has nearly 30 years experience operating in the automotive industry, most recently serving with TRW Corp. as Vice President & General Manager of Global Braking & Suspensions. From 2007 to 2010 he oversaw TRW's North American Braking & Suspension Operations. Prior to TRW, DelGrosso was President and COO of Lear Corp., where he served since 1984 in a number of executive positions. Larry Williams, who has been instrumental to the company as interim CEO during this transition, will continue with the company as Chief Financial Officer.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 24, 2013
Beijing Wanyuan-Henniges Sealing Systems Co., Ltd.
 

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