Infinity Engineered Products, a Turnspire Capital Partners company, acquired Meklas Otomotiv, of Turkey, the company announced Monday. Meklas is an air spring manufacturer serving aftermarket customers globally.
"We are very excited to add Meklas to the Infinity family," says Char Zawadzinski, CEO. "The shared resources and capabilities of both businesses will allow us to accelerate growth, better serve customers, and expand into new markets."
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Infinity is the global provider of Goodyear branded air springs, and looks to use the acquisition to reintroduce the Goodyear brand to Europe and other geographic markets. It also plans to use Meklas' sourcing and manufacturing capabilities to enhance Infinity's customer-centric focus in North America.
"This transformative acquisition adds meaningful production capacity to Infinity and enables Goodyear air springs' expansion into the EMEA region, which we believe will unlock numerous growth pathways and solidify Infinity as a global powerhouse," says Abel S. Osorio, a partner of Turnspire and chairman of Infinity.
