Connect With Us

Inside INdiana Business
Subscribe Now Log In
  • Home
  • News
    • Education
    • Health
    • Tech
    • STEM
    • Advanced Manufacturing & Logistics
    • Life Sciences
    • Ag INnovation
    • INPower
  • Videos
  • Big Wigs
    • Submit Big Wigs
  • Events
    • Engage Southwest Indiana – Evansville
    • Engage Northwest Indiana – Valparaiso
    • Engage Greater Lafayette – West Lafayette
    • Engage West Central Indiana – Terre Haute
    • Engage South Bend – Elkhart
    • Engage Northeast Indiana – Fort Wayne
    • Engage Central Indiana – Indianapolis
  • Newsletters
  • Podcasts
  • On-Air
    • TV & Radio Listings
  • Contact
    • About IIB
    • Meet the Team
    • Contact Us
    • Advertise
    • Gift Cards
    • Flagship Stations
    • Gerry’s Message
    • Speaking Engagement Request

Connect With Us

Goshen Facility Part of Shiloh Industries Acquisition

Monday, October 4, 2021 04:53 PM EDT
By Alex Brown
Goshen Facility Part of Shiloh Industries Acquisition (file photo courtesy of Shiloh Industries)

Shiloh Industries Inc. in Ohio has acquired two automotive facilities from Germany-based Benteler International, including one in Goshen. Financial details are not being disclosed, but Shiloh says the facilities will help in its effort to streamline operations to focus on lightweighting for the auto industry.

The Goshen facility, along with the other facility in Michigan, provide hot forming and welding services for Shiloh. John Stewart, founder and managing partner of Shiloh parent MiddleGround Capital tells Inside INdiana Business the company does not expect the acquisition to have a negative effect on jobs.

“We acquired the Benteler facilities because we believe the employees at the company and the investments made in the facilities are jobs worth preserving,” said Stewart. “All employees are now employees of Shiloh and we anticipate brining more business into the two facilities due to future programs with a variety of automotive OEMs.”

Lightweighting in the auto industry involves the use of lighter metal alloys to reduce the weight of vehicles while maintaining or improving performance.

Stewart says the work performed at the facilities adds to an “offering of talent and assets” in the lightweighting process that OEMs are looking for when trying to meet fuel emission standards and improve efficiency of electric vehicles.

Story Continues Below

Most Popular Stories

  • Southwest Indiana trucking company files for bankruptcy

  • New chamber CEO: ‘There’s always more we could be doing’

  • Work on new community center set to start in International District

  • Groundbreaking set for Charlestown residential project

  • LabCorp to pay $525K to Indy employees after discrimination claims

  • South Bend moving forward with $20M westside community center

Perspectives

The power of resilience and the need for Black blood donors during Sickle Cell Awareness Month

The power of resilience and the need for Black blood donors during Sickle Cell Awareness Month

In my nearly 20-year tenure as a nurse at Riley Hospital for Children, I found myself repeatedly astonished and humbled, not only by the kids and young adults battling a monstrous adversary like sickle cell disease but more so by their enormous tenacity and resilience. Despite draining hospital stays and distressing procedures, these young ones always shone bright, their resilient spirits undeniably inspiring....

Inside INdiana Business

Inside INdiana Business
A division of IBJ Media

1 Monument Circle, Suite 300
Indianapolis, IN 46204

PHONE: (317) 634-6200

FAX: (317) 263-5060

NEWSLETTER@IIBNEWS.COM

  • Home
  • News
  • Videos
  • Gerry Dick
  • Newsletters
  • On-Air
  • Contact

Copyright © 2023 All Rights Reserved Privacy Policy | Terms of Service