Walor North America Bolsters Portfolio with TSM Acquisition
Deal News | Jun 17, 2025 | Mutares
Walor North America Inc., a division of the FerrAl United Group owned by Mutares SE & Co. KGaA, has finalized an agreement to acquire TSM Corporation, a prominent U.S.-based manufacturer of precision machined components, from private equity firm HCI Equity Partners and other minority stakeholders. This strategic move aims to enhance Mutares' Automotive & Mobility sector and improve its market presence in North America. TSM's operations are based in Auburn Hills, Michigan, with an additional facility in Ramos Arizpe, Mexico, and the company is renowned for its production of complex, close-tolerance components. Generating approximately USD 120 million in revenue in 2024, TSM has fortified relationships with major OEMs and Tier 1 suppliers. This transaction marks a critical step in Mutares' global expansion strategy, with the company's CIO, Johannes Laumann, emphasizing the significance of TSM's experienced workforce and industrial capabilities as valuable assets to the Mutares portfolio.
Sectors
- Automotive Manufacturing
- Private Equity
Geography
- United States – Primary location of the target company TSM and area of market expansion for Mutares.
- Germany – Origin country of Mutares SE & Co. KGaA, the private equity firm involved in the acquisition.
- Mexico – Location of one of TSM's production facilities, indicating regional operations beyond the U.S.
Industry
- Automotive Manufacturing – Involves the production of vehicles and their components; TSM specializes in automotive components manufacturing.
- Private Equity – Deals with investment firms buying, improving, and selling companies; Mutares is a PE firm acquiring TSM.
Financials
- USD 120 million – Revenue generated by TSM Corporation in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Walor North America Inc. | Acquiring Company | Company | A division of FerrAl United Group, owned by Mutares, purchasing TSM Corporation. |
| TSM Corporation | Target Company | Company | Leading U.S.-based manufacturer of precision machined components being acquired. |
| HCI Equity Partners | Vendor | Company | Private equity firm selling its majority stake in TSM Corporation. |
| Mutares SE & Co. KGaA | Parent Company | Company | German private equity firm overseeing the acquisition through its subsidiary Walor North America. |
| Johannes Laumann | CIO | Person | Chief Investment Officer of Mutares, commenting on the strategic significance of the acquisition. |