Tower International, Inc.

Livonia, MI United States

  (NYSE: TOWR)

Company Description

Tower International has a tall order to fill; it supplies carmakers worldwide. The company manufactures engineered structural metal components for vehicles, such as body, chassis, and frame structures. It also makes welded assemblies for cars, pickups, and SUVs and more recently entered the solar energy market as a supplier of stamped mirror-facet panels and welded support structures. Key customers include Volkswagen, Fiat, and Ford Motor. The company emerged from Chapter 11 via a purchase by Cerberus Capital Management in 2007. Tower filed to go public in March 2010; at the closing of its $100 million IPO, its name changed from Tower Automotive to Tower International.