OAK PARK, Mich., March 24, 2017 /PRNewswire/ -- On
March 17, Futuris Group completed the
purchase of Kongsberg Automotive's North American Headrest/Armrest
business subsequently providing a southeastern USA manufacturing presence in Milan, TN for this global automotive, Minority
Certified Supplier.
"The acquisition of Kongsberg's NA headrest and armrest business
addresses our need to expand our North American manufacturing
footprint and increase our product portfolio as part of the global
strategy," said Futuris President and Chief Executive Officer,
Merv Dunn. "The integration of
the Milan business has been going
very smoothly and we anticipate being able to realize the benefits
of this acquisition very quickly," Dunn said.
About Futuris Group:
Futuris is a leading automotive
Minority Certified Tier 1 global JIT seating and interiors supplier
with complete design and development to production capabilities.
Futuris is located across 5 countries, the United States, Mexico, China, Thailand and Australia, operating over 25 facilities and
employing over 5,600 associates worldwide.
About Kongsberg Automotive:
Kongsberg Automotive
provides world class products to the global vehicle industry. Our
products enhance the driving experience, making it safer, more
comfortable and sustainable. With revenues of around EUR 1 billion and 10.000 employees in 18
countries, Kongsberg Automotive is truly a global supplier. The
company is headquartered in Switzerland and has 31 production facilities
worldwide. The product portfolio includes seat comfort systems,
driver and motion control systems, fluid assemblies, and industrial
driver interface products developed for global vehicle
manufacturers. Find more information at
www.kongsbergautomotive.com
MEDIA CONTACT
Carole
Cross, Director, Communications & Marketing,
614-582-7710
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SOURCE Futuris Group