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Company Description: MAG Ltd develops,
produces, and markets mechanical and electro-mechanical sub-assemblies
for the automotive industry. Its main product, a spare tire hoist,
is sold directly to GM for six light truck and SUV platforms and
accounts for about one third of the global spare tire hoist market.
Over two thirds of MAG's production is done in its U.S. plant in
Tennessee which began operating in 2002. The company has built a
strong manufacturing and cost-control culture and recently expanded
its product line through additional assignments from GM. Shamrock
believes MAG Ltd has a solid track record, good management, and
promising opportunities for growth through product line extensions,
OEM relationships and geographic expansion.
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