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Welded Assemblies    Welded Rings

 
May 1, 2012

Corporate Announcement - Strategic Alliance Agreement

As an extension of Dudek & Bock's (D & B) 2011 acquisition of KHC Corporation (a Woodstock, IL-based subsidiary of Keihin Hatsujyo Co. (KHJ), Ltd. of Yokosuka, Japan) - a manufacturer of highly specialized spring components for the automotive industry - Dudek & Bock and Keihin Hatsujyo have entered into a formal strategic alliance agreement.

Specifically, both companies - each recognized as market leaders in their respective geographic regions of North American and Asia - will provide reciprocal support to one another, thus affording each company's respective customers access to the full spectrum of knowledge, technical and engineering know-how and manufacturing capabilities collectively possessed by each organization.

Recognizing the growing trend towards the marketing of customer automotive designs on a global basis, through access to each company's cross functional support spanning all program life cycle stages, we believe that customer value will be maximized through the harnessing and leveraging of the combined efforts and abilities of both Dudek & Bock and Keihin Hatsujyo.

In the case of Keihin Hatsujyo's Japan-based customers, the providing of both additional products (through access to D & B's wire-form, stamping, welded ring and welded assemblies products - as well as access to low cost country manufacturing in D & B's TS 16949-certified facility in Saltillo, Mexico) - represent additional value-added opportunities these customers will potential to benefit from.

Overall, both Dudek & Bock and Keihin Hatsujyo are highly confident that this strategic alliance agreement, and the complementary features associated with it, will result in greater combined ability to better serve and provide value to our mutual customers.

 

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