International Automotive Components Group North America has completed the acquisition of Collins and Aikman (C&A)’s soft trim division and a C&A manufacturing facility in Saltillo, Mexico. Together, the acquisitions generate a total of $US600m in annual sales.
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The acquisition of C&A’s soft trim division includes 16 facilities in North America that manufacture carpeting, moulded flooring products, dash insulators and other related interior components. Additionally, the acquisition includes a noise, vibration and harshness (NVH) technical centre. The C&A division had 3,900 employees.
The Saltillo facility manufactures injection moulded components, including instrument panels, doors, fascias and interior trim. The 156,000 square foot facility opened in 1995 and has 250 employees.
IAC NA chairman Wilbur Ross said, “We have been trying to buy these operations ever since C&A filed for bankruptcy because strategically they give us a major position in the automotive carpet and acoustics sector and strengthen our Mexican manufacturing base.”
