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About Stoneridge
 
History

Stoneridge has provided high-quality components for vehicles for more than 40 years. From our beginning as a contract manufacturer for a single customer, we have evolved to become a worldwide technology leader in our industry. Acquisitions and internal growth have driven our expansion into more diverse product lines and geographic markets. Following are some of the highlights of the Company’s progress:

1965 Company founded in Warren, Ohio, by D.M. Draime, as a one-customer, contract manufacturing business serving the automotive market. Draime remained Chairman of the Company’s Board of Directors until his death in 2006.

1988 Stoneridge acquires the Joseph Pollak Corporation in Boston, Massachusetts. Pollak, a manufacturer of electronic and electromechanical switch products, established in 1909, traces its automotive roots to supplying 2-pole connectors to Ford Motor Company on the Model T in the 1930s.

1992 Stoneridge acquires the Transportation Electronics Division of General Instruments, a manufacturer of power conversion modules and sophisticated instrumentation components. Located in El Paso, Texas and Juarez, Mexico, this acquisition was the starting point for our electronics business.

1995 Stoneridge acquires power door lock actuator business unit from Kelsey-Hayes. The business is relocated from Brighton, Michigan to Boston, Massachusetts and merged with existing four-wheel drive actuator and fuel valve production within the Pollak division.

1996 Seeking to leverage our capabilities and diversify our OEM customer base, Stoneridge acquires approximately 45% of Berifors AB (“Berifors”), a Sweden-based manufacturer of electronic display panels and instrumentation for the European truck and commercial vehicle markets.

1997 Stoneridge completes its initial public offering on NYSE, ticker SRI. Stoneridge acquires the remaining 55% of Berifors (later renamed Stoneridge Electronics) in Sweden, which solidly establishes our European presence in vehicle electronics, and enters into a 50% joint venture agreement with PST Amazonia S.A. in Brazil, which provides us with a platform to expand further into the South American market.

1998 Company acquires Hi-Stat Manufacturing Co., Inc., with plants in Lexington, Ohio and Sarasota, Florida. This leading supplier of vehicle sensor and switch products was the largest acquisition in Stoneridge’s history and it enabled us to “close the loop” in terms of our electrical systems capabilities.

1999 Stoneridge acquires Delta Schoeller, Ltd. (later renamed Stoneridge Pollak Ltd), based in the United Kingdom, to grow the Company’s presence in European markets for switch, actuator and sensor products. Stoneridge acquires TVI Europe, Ltd. (later renamed Stoneridge Electronics Ltd), based in Dundee, Scotland, providing the Company with products, expertise and customer base expansion in the area of transport monitoring devices for commercial vehicles.

2004 Joint venture established with Minda Group, based in New Delhi, India. This joint venture with one of India’s major automotive suppliers will serve the growing market for electronic instrumentation and vehicle information management systems in Asia.

New representative office opened in Shanghai, China, to manage existing supplier base in China, and to help secure new low-cost supply sources of components for use in our manufacturing operations.

2006 Company established a new subsidiary in Suzhou, China, for the manufacture of sensors, switches, electronic instrumentation and other related electromechanical products for the automotive and commercial vehicle markets.