Hahn & Co. CEO Scott Hahn described the acquisition as an “excellent fit within our existing portfolio and strategy. Customers of HVCC will continue to benefit from its globally renowned technology solutions, highly respected management team, strong balance sheet, dedication to innovation and expanding global market presence.
“Together in partnership with Hankook Tire, we believe we can help HVCC expand its customer base and global reach and further improve upon HVCC's operating efficiency and technological expertise. Both of our firms are confident that the current management team of HVCC will continue to deliver excellence to its customers, its employees and to its shareholders.”
Neither Visteon, Hahn & Co. nor Hankook disclosed the breakdown of the Hahn/Hankook ownership structure.