Johnson Electric to increase ownership interest in Halla Stackpole Corporation

March 22, 2017

Johnson Electric Holdings Limited, Hong Kong, China, has announced a definitive agreement to acquire an additional 50% equity interest in Halla Stackpole Corporation (HSC), Ochang, South Korea for 93.9 billion Korean Won ($83.8 million). Established in 2008, HSC is a joint venture between Halla Holdings Corporation, Korea, and Stackpole International, Canada.

Since the acquisition of Stackpole International by Johnson Electric in October 2015, HSC has been a 30% owned affiliate of the Johnson Electric Group. Upon completion of the acquisition of an additional 50% equity interest from Halla Holdings, Johnson Electric’s ownership interest in HSC will increase to 80%.

HSC supplies Powder Metallurgy components to the Asian automotive industry. The company reported consolidated revenues for the year ended December 31, 2016, of 158 billion Korean Won (approximately US$141 million). The business operates two production facilities – one in Korea and one in China – and employs over 500 people.

“This is an attractive opportunity to increase the group’s exposure to the rapidly growing powder metal market in Asia. Stackpole International is already a recognised market leader in the powder metal industry in North America and this complementary investment provides a platform for accelerating sales growth and strengthening the Johnson Electric Group’s position as a global supplier to key engine, transmission, suspension and steering applications,” stated Dr Patrick Wang, Chairman and Chief Executive of Johnson Electric.

Johnson Electric will increase its ownership interest in an all-cash transaction, financed from a combination of its current cash balances and proceeds from existing revolving credit facilities. The transaction is expected to close in Q2 2017, subject to customary conditions including obtaining applicable regulatory approvals.

Recent issue of Powder Metallurgy review - your go-to resource to stay updated on the world of powder metallurgy and metal powders

In the latest issue of PM Review…

PM Review Spring 2023

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • GKN Powder Metallurgy: A strategic vision for the future of permanent magnets for EVs
  • Building trust in the Powder Metallurgy industry: The role of standardisation and an update on recent work by ISO/TC 119
  • High-volume powder production for Additive Manufacturing: SMS group’s continuous metal powder production process
  • Development of enhanced-performance PM brake pads for high-speed trains by Beijing Tianyishangjia New Material Corp., Ltd.
  • The START project: Creating a sustainable supply chain for green energy harvesting products by Powder Metallurgy
  • World PM2022: Reviewing three innovative methods for metal powder production

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link