Gas cap manufacturer Stant made a South Korean Joint Venture Gas cap production company Stant Corp., a major incorporated global producer of highly designed vapor and fluid handling components, has got a majority interest in Pyongsan, that will be renamed Stant Korea Corp. The Joint Venture will manufacture fuel filler tube components like gas caps in South Korea dedicated to the Korean & Asian markets. Based in South Korea, Pyongsan is a leading global supplier connected with HVAC equipment to the global automotive market. Pyongsan created Pyongsan to produce fuel filler pipes and gas caps to some of the foremost automobile customers in the countries of Asia. Gas cap production company Stant’s CEO Mr. Curt Howell commented, "We are pleased to be partnering with a quality partner such as Pyongsan. Pyongsan has built a solid manufacturing operation that will serve as our platform in South Korea. This operation, which will manufacture fuel filler tubes and gas caps to the local markets, represents Gas cap production company Stant’s third operation in Asia, and further demonstrates our commitment to meet our customers’ increasingly global needs.” Pyongsan President Mr. Francis Yoon, who will proceed with the JV, Said, "We are pleased to be partnering with Gas cap production company Stant, whose industry leading R&D, manufacturing capabilities, and overall execution will help us deliver quality products like gas caps to our current and future customers. We look forward to helping Stant in their commitment to grow their Asian operations." "We are pleased to support Gas cap production company Stant in its latest acquisition," uttered Roman Krislav, a Principal with H.I.G. Capital. "This represents the third transaction for Stant consummated under H.I.G.’s ownership, and solidifies Stant’s position in the important Korean and other Asian markets. We believe the combination of Pyongsan’s local presence and Stant’s unparalleled vapor product expertise will be a unique, value-added combination for Gas cap production company Stant’s Asian and global customers." Stant, an international integrated gas caps manufacturer of highly designed vapor & fluid control elements, has made an acquisition Shelby Enterprises, Inc. The gas caps manufacturer Stant serves as the portfolio company of H.I.G. Capital, LLC, which is a top international private investment company. “Shelby is a high quality provider of gas cap and vapor line products, which is a strategic area in which Gas cap company Stant has been looking to expand and grow. We were very impressed with Shelby’s management, operations, employees’ capabilities and the Company’s excellent reputation with its customers. We are excited about the potential to grow this category in the US and abroad in the coming years,” said Curt S. Howell, Gas cap production company Stant CEO. “This deepens our penetration in the vapor emissions category and continues to position Stant well to capitalize on the tightening emissions standards in the automotive, industrial and small engine markets.” Gas cap manufacturer Stant is an acknowledged world frontrunner in the development and manufacturing of Vapour control methods, Gasoline delivery solutions, Thermal control devices as well as Design solutions. As the leading producer of Gas Caps, on-board vapour recovery components, and engine and transmission cooling components, Stant provides grown its industry-leading position by capitalizing on its vast-ranging expertise as well as ability to provide its customers along with innovative solutions with regard to demanding applications. The Company is focused in gas caps as well as three solution brand sectors: Automotive OEM, Industrial and After Market. To get more information regarding Stant gas caps, the Gas cap products and solutions it creates, as well as solutions it offers, please visit Gas-caps
Posted on: Fri, 21 Jun 2013 03:10:56 +0000
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