DEARBORN, MI- Ford Motor Co. will sell its last remaining Automotive Components Holdings (ACH) business, officials announced today. Ford and ACH will sell their climate control business in Plymouth Township to Detroit Thermal Systems LLC, a joint venture between Valeo and V. Johnson Enterprises, owned by former Detroit Pistons player Vinnie Johnson. ACH was formed by the transfer of 17...
Detroit Thermal Systems Logo. (PRNewsFoto/Detroit Thermal Systems, LLC)
DEARBORN, MI- Ford Motor Co. will sell its last remaining Automotive Components Holdings (ACH) business, officials announced today.
Ford and ACH will sell their climate control business in Plymouth Township to Detroit Thermal Systems LLC, a joint venture between Valeo and V. Johnson Enterprises, owned by former Detroit Pistons player Vinnie Johnson.
ACH was formed by the transfer of 17 automotive components factories and six research, testing and other facilities from Visteon Corp. to the Dearborn-based automaker in 2005.
The sale, contingent upon the approval of state and local incentives, marks the culmination of the ACH strategy and the successful transition of ACH-managed operations to key strategic automotive suppliers, according to officials.
“Few companies take the longer-term, comprehensive approach we took with the restructuring of ACH,” said Mark Fields, Ford president of The Americas. “From the start, our eye was on what was required to transform these operations into businesses that would attract the world’s best suppliers needed to move Ford’s business forward – and at the same time, preserve as many jobs as possible."
Asset and operation transfers from the Sheldon Road Plant to a new DTS manufacturing facility in Romulus will start in mid-2013 and conclude by the end of 2014.
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