Mexican Media Brands
India’s Motherson Sumi Buys French Interiors Supplier
India’s Motherson Sumi Systems Ltd. has agreed to pay $201 million to acquire Reydel Automotive Group, a Paris-based maker of interior systems.
#interior
Share
India’s Motherson Sumi Systems Ltd. has agreed to pay $201 million to acquire Reydel Automotive Group, a Paris-based maker of interior systems.
The companies predict the deal will be finalized within six months, pending regulatory approvals.
Motherson supplies mirrors, interior modules, bumpers, wiring harnesses and molded plastic components to such carmakers as Daimler, Ford, Suzuki and Toyota. The company operates more than 230 plants in 37 countries.
Reydel supplies complete modular interior systems through 15 factories to BMW, General Motors, Nissan, PSA, Renault and Volkswagen. The company had been owned by New York City-based private equity firm Cerberus Capital Management LP.
Motherson says the acquisition will expand its markets and product range. The company aims by 2020 to have no component, customer or country accounting for more than 15% of its business.
RELATED CONTENT
-
GM Seeks to Avert U.S. Plant Shutdowns Linked to Supplier Bankruptcy
General Motors Co. says it hopes to claim equipment and inventory from a bankrupt interior trim supplier to avoid being forced to idle all 19 of its U.S. assembly plants.
-
With Great Material Come Great Seats
Automobile seats for the past several years have pretty much resembled...automobile seats.
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.