News - ATC Remanufacturing - Page 3

ATC Drivetrain (“ATC”), a leading independent remanufacturer of automotive drivetrain components headquartered in Oklahoma City, Oklahoma, announced today that is has acquired ATP Automotive Transmission Remanufacturing Specialists Limited, A.T.P. Electronic Developments Limited and ATP Holdings USA, LLC (collectively “ATP”) from ATP’s founder Alan Smart. Financial terms of the transaction were not disclosed.

ATC Drivetrain is pleased to announce Armin Grossklaus as our new Chief Financial Officer. Armin graduated with his doctorate in business/finance in Germany. He first worked first at Porsche in Germany and then also in Atlanta, GA. After that he worked in Automotive IT / ERP and then in Europe and Michigan for Auto tier 1 suppliers GDX / Henniges first as VP Finance Europe & Asia, and then Global Treasurer. Most recently he worked as CFO for the North American organization of Benteler Automotive who is a Tier 1 supplier for Structures, Chassis, Exhaust and Modules.

The ATC Drivetrain Board of Directors is pleased to announce that Greg Heald has joined the company as President and Chief Executive Officer and will also serve as a member of the Board of Directors. Mr. Heald has extensive global automotive industry experience and was most recently based in Shanghai, China with Joyson Safety Systems (f.k.a. Key Safety Systems). Key Safety Systems was previously a portfolio company of Crestview Partners, ATC Drivetrain’s majority owner.

ATC Drivetrain will celebrate its 80th Anniversary on Thursday, October 4, 2018, from 12:00 to 3:00 p.m. by hosting an event at their corporate headquarters, located at 9901 W. Reno Avenue in Oklahoma City. The event will recognize past and present employees, local leaders, partners, and friends of one of the longest-standing providers of engine remanufacturing, logistics services, and automotive solutions in the region.