NEW YORK,--(BUSINESS WIRE)--Techniplas, LLC today announced that it will receive a strategic investment from Agility Global Technologies, LLC, a business formed and managed by The Jordan Company, L.P. Proceeds from this investment will be used by Techniplas to fund certain financial obligations and growth initiatives.
Techniplas is also pleased to announce the appointment of Ali El-Haj as CEO. Mr. El-Haj maintains over 30 years of experience in the automotive industry. Most recently, Mr. El-Haj served as President and CEO of Cap-Con Automotive Technologies, which operated under the Casco Products Corporation and ARC Automotive business units. Casco is one of the world’s leading suppliers of automotive electronics, connectivity devices and sensors, and ARC is a global provider of automotive safety components. As CEO of Cap-Con, Mr. El-Haj worked closely with customers to provide highly-engineered products and solutions for vehicle platforms around the world.
“We are delighted to work with The Jordan Company and Mr. El-Haj,” said George Votis, Founder and Chairman of Techniplas. “Jordan is a highly-respected investment manager with a track record spanning several decades, and Mr. El-Haj brings tremendous experience and expertise to Techniplas. We believe these exciting announcements will help continue driving long-term growth for Techniplas.”
“I am thrilled to join Techniplas and have been highly impressed by the company’s capabilities, technologies and customer relationships,” said Mr. El-Haj. “We will continue to focus on working closely with customers to design and engineer products for existing and next-generation platforms. We are committed to ensuring Techniplas’ long-term success.”
Techniplas (www.techniplas.com) is a leading global provider of highly-engineered plastic components, primarily for the automotive sector as well as industrial, consumer, medical and other markets. The company’s products and technology offerings are benefiting from several industry megatrends, including vehicle lightweighting and electrification and an increasing focus on comfort and safety. With over 2,000 employees and 12 manufacturing facilities around the world, Techniplas serves global customers and platforms with a focus on technology expertise and design and engineering collaboration with customers. Techniplas maintains long-term relationships with many of the world’s leading automotive OEMs.
The Jordan Company (www.thejordancompany.com), founded in 1982, is a private investment firm with original capital commitments in excess of $11 billion. Jordan has a 37-year track record of investing in and contributing to the growth of many businesses across a wide range of industries, including industrials, transportation and logistics, healthcare and consumer and telecom, technology and utility. Jordan maintains extensive experience in the automotive market and established Agility Global Technologies to partner with businesses that are well positioned to benefit from long-term trends in the automotive industry as well as other complementary markets.