Wanfeng Technology Acquires Paslin
CRAIN’S DETROIT BUSINESS–WARREN, MI (March 23, 2016) – Wanfeng Technology, a robotic manufacturer and system integrator headquartered in Xinchang China serving the die cast automation market, announced today that it has acquired Paslin , a privately held system integration business headquartered in Warren, Michigan.
Paslin, founded by the Pasque family in 1937, designs, assembles and integrates robotic assembly lines for Tier One and OEM, original equipment manufacturer, automotive companies. Paslin is recognized throughout the automotive industry for effectively partnering with customers and suppliers, and its ability to provide both sophisticated systems design and state-of-the-art manufacturing capability.
Kirk Goins, CEO of Paslin, said, “We are excited to be part of Wanfeng Technology. The opportunity and financial support that Wanfeng can provide will be beneficial for our employees and customers. We look forward to working with the Wanfeng team, whose experience, strong commitment to Research & Development, and resources will help us achieve our long-term potential. Paslin is now well-positioned to expand our systems solutions and services globally.”
“We have been impressed by Paslin’s ability to perform well in the NAFTA region, as well as the company’s longstanding commitment to growing its business by working closely with customers to meet their needs in an ever-changing automotive market. We plan to continue to focus on NAFTA execution commitments and support the existing Paslin expansion plans in the North American market. As we move forward, we will develop a global strategy that supports our customers’ requirements. In addition to our ability to support Paslin’s global expansion, our strong R&D center will help us to strengthen our innovation and advance technique ability “said Tommy Wu, CEO and Chairman at Wanfeng Technology.
Terms of the transaction, which was completed in March 2016, will not be disclosed.