Samvardhana Motherson International announced that SMP Automotive Systems Alabama Inc., USA (SMP Alabama), an indirect subsidiary of the Company has completed the acquisition of all the assets of Bolta US on 17 April 2023.

Earlier, the United States Bankruptcy Court, Northern District of Alabama, Western Division vide an order dated 07 April 2023 had authorized the sale of substantially all the assets of Bolta US, USA (Seller), free and clear of lien, to SMP Alabama.

Bolta US is engaged in the manufacturing and sale of chrome plated exterior and interior polymer components for automotive applications. It is the only approved chrome part supplier to a leading German OEM in the USA, customer consists of German OEMs and other Tier 1 suppliers.

These asset acquisition enables the company to vertically integrate SMP Alabama operations and foray into manufacturing and sales of chrome plated polymer parts. This will also be strengthening its position in the automotive decorative parts market in the US region

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