Huf Group acquires MHG Thailand

The Huf Group has agreed to acquire all shares in MHG (Thailand) Co. Ltd. from Australia’s MH Group. The Rayong-based automotive supplier engages in injection moulding and robotic painting and employs approximately people. Its main customers are Ford, Automotive Alliance Thailand (a joint venture between Ford and Mazda) and other automotive manufacturers in Thailand. The transaction is scheduled to be completed today.

The MH Group (MHG) has a history of over 40 years of specialist automotive manufacturing. Following the cessation of car production in Australia – a red Holden Commodore rolling off the line on 20 October marked the end of seven decades of vehicle manufacture within the country – MHG has diversified into new activities. This change of focus has led MHG to sell its operation in Thailand and to grow new business beyond automotive.

Germany’s Huf Group operates worldwide as an automotive supplier in the area of electronic and mechanical locking systems, driver authorisation systems, door handle systems, tailgate systems, tyre pressure monitoring systems and telematics and digital access systems. In 2016, the Huf Group achieved a turnover of about 1.4 billion euros. Huf International is the holding company for the worldwide network of subsidiaries. 7,800 people are employed with Huf in 23 companies in Germany, the USA, Mexico, Brazil, the UK, Portugal, Spain, Poland, Romania, China, India, Japan and Korea.

MHG Thailand will be renamed Huf (Thailand) Co. Ltd. The Huf Group says it will play an important role in expanding its business in Southeast Asia. The actual product scope already covers painted door handles, one of Huf’s traditional key products. Other products will be maintained while Huf gradually will bring in new, state-of-the-art products. Huf expresses its conviction that, with the existing team and strong support from the worldwide Huf organisation, Huf Thailand will become a successful member of the Huf Group.