ABC Applied sciences Holdings Inc. is increasing its footprint in america with the acquisition of the automotive arm of California-based Plastikon Industries.

The Canadian provider stated the US$130 million deal will add three crops in California, Texas and Kentucky to its portfolio, in addition to bolster its rising electrical automobile phase.

The acquisition represents a “vital step ahead” for ABC Applied sciences, in line with firm CEO Terry Campbell.

“It amplifies our place as an business chief in lightweighting and plastic injection molding, provides ABC a stronger foothold within the EV house, and most significantly, offers a brand new set of staff with alternatives to play bigger roles in molding the way forward for mobility,” Campbell stated in a launch.

The buyout introduced Aug. 23 will add about 900 employees to ABC Applied sciences’ workforce, which totals about 10,000 folks globally.

The acquisition is the most recent in a string of offers for the Toronto-based provider, which has been retooling its international footprint for the previous yr beneath a brand new management staff.

The three U.S. crops can be collectively often known as Plastikon Automotive following the acquisition. In line with ABC Applied sciences, the services generated about US$280 million in income in fiscal 2022 producing automobile assemblies, EV battery housings and inside elements for automakers and Tier 1 suppliers.

The deal is predicted to shut within the third quarter of this yr.