Stratrix
On the Record · Tower International

Tower International acquisitions, on the record

The businesses Tower International bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Xiangtan DIT Automotive Products Co. Ltd.
Word for word“On December 6, 2015, the Company completed the sale of our equity interest in our Xiangtan joint venture.” 10-K for 2016
divestitureDecember 6, 2015—
Changchun Tower Golden Ring Automotive Products Co., Ltd. (TGR)
Word for word“On December 31, 2015, the Company completed the sale of our equity interest in our TGR joint venture.” 10-K for 2016
divestitureDecember 31, 2015—
Herrajes y Acabados Metálicos, S.A. de C.V. (“Hamsa”)
Word for word“On July 24, 2015, a subsidiary of the Company acquired 100% of the issued and outstanding shares of Herrajes y Acabados Metálicos, S.A. de C.V. (“Hamsa”).” 10-K for 2016
acquisitionJuly 24, 2015—
Korean subsidiary
Word for word“During the year ended December 31, 2012, we recorded a gain of $31.2 million related to the divestiture of the Company’s Korean subsidiary.” 10-K for 2016
divestiture——
Xiangtan DIT Automotive Products Co. Ltd. (Xiangtan) joint venture
Word for word“On December 6, 2015, the Company completed the sale of its equity interest in its Xiangtan DIT Automotive Products Co. Ltd. (“Xiangtan”) joint venture.” 10-K for 2017
divestitureDecember 6, 2015—
Changchun Tower Golden Ring Automotive Products Co., Ltd. (TGR) joint venture
Word for word“On December 31, 2015, the C ompany completed the sale of its equity interest in its Changchun Tower Golden Ring Automotive Products Co., Ltd. (“TGR”) joint venture.” 10-K for 2017
divestitureDecember 31, 2015—
Wuhu joint venture
Word for word“On May 9, 2017, the Company completed the sale of its equity interest in Wuhu.” 10-K for 2017
divestitureMay 9, 2017—
TA Holdings Europe B.V. (European operations)
Word for word“Pursuant to these agreements, the Purchaser will acquire all of the stock of TA Holdings Europe B.V., our indirect wholly owned subsidiary, and an intercompany loan, for a purchase price of €255 million on a cash free, debt free basis, subject to working capital and other customary adjustments and a reduction to the extent that capital expenditures for our European operations for calendar year 2018 were less than €45 million.” 10-K for 2018
agreed divestiture—€255 million
Wuhu
Word for word“On May 9, 2017, we completed the sale of our equity interest in Wuhu.” 10-K for 2018
divestitureOn May 9, 2017—
remaining Chinese business operations
Word for word“We also completed the sale of our remaining Chinese business operations during the second quarter of 2018.” 10-K for 2018
divestitureduring the second quarter of 2018—

Deal filings since 2016

Read from Tower International’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.