Taurus Group reinforces TAG Automotive with the purchase of Class Plastics

Just over two months after Taurus Group entered the automotive sector by acquiring TAG Automotive, the company announces another strategic move: the purchase of Class Plastics’ production unit. This investment is set to further bolster TAG Automotive, propelling its growth and speeding up the goal of achieving €30 million in revenue within two years, with the target of exceeding €50 million by 2026.

This acquisition builds on the momentum created in January when Taurus Group acquired TAG Automotive – formerly Nifco Products, a subsidiary of Japan’s Nifco Group. TAG is a global leader in manufacturing components for top international automotive brands such as Seat, Audi, Volkswagen, Nissan, Volvo, and Grupo Antolín.

Class Plastics will significantly enhance TAG Automotive’s production capabilities, now operating from two manufacturing sites – in Terrassa and Martorelles – and a logistics hub in Rubí. With this expanded infrastructure, TAG is well-positioned to tackle new challenges, including participation in the electric vehicle sector. This includes contributing to high-profile projects like the Small Modular Electric Drive (MEB) platform developed in Volkswagen’s ID series, and for which Spain was chosen as a central development hub.

Expansion of its manufacturing capacity and reindustrialization

Headquartered in Martorelles (Barcelona) and with a staff of 62 employees, Class Plastics designs and manufactures plastic injection parts for the automotive, retail and healthcare sectors. The purchase of Class Plastics accelerates the reindustrialization plan of Taurus Group to manufacture in local plants part of its products that are now made by third parties in Asian countries and which is part of the company’s 2020-2025 Strategic Plan to expand its manufacturing capacity. 

Innovation, industry 4.0 and business diversification, the challenges of Taurus Group

This operation aligns with Taurus Group’s broader innovation and reindustrialization plan for Europe, emphasizing Industry 4.0. It also marks a significant step in the Oliana based company’s diversification strategy, bringing key expertise that will strengthen its market position across Europe.