Ford Motor Company and Automotive Components Holdings, LLC (ACH) announced Monday the sale of the last remaining ACH operation – the climate control business currently located at the ACH plant, 14425 Sheldon Road in Plymouth Township, according to a news release.
Ford and ACH have signed definitive agreements for the sale of the climate control business to Detroit Thermal Systems, LLC (DTS), a joint venture between Valeo and V. Johnson Enterprises, LLC. V. Johnson Enterprises is owned by Vincent (Vinnie) Johnson, a Detroit entrepreneur and former Detroit Pistons basketball star, according to the news release.
ACH was started in October 2005 with 17 automotive components plants, the news release said.
The initial closing of the sale has taken place, the news release said, and operations will move to a new DTS manufacturing facility in Romulus beginning in mid-2013 and concluding by the end of 2014.
“Few companies take the longer-term, comprehensive approach we took with the restructuring of ACH,” said Mark Fields, Ford president of The Americas, in the news release. “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. We are proud of what we accomplished.”