A joint venture between private-equity firm WL Ross & Co. and Lear Corp. reportedly has signed a definitive agreement to buy the European operations of bankrupt components maker Collins & Aikman for ‘well in excess” of US$100 million in cash.
Go deeper with GlobalData
Dow Jones said the operations generated revenue of $600 million.
The venture, formed in October and called International Auto Components Group, reportedly said the purchase price will comprise “cash well in excess of $100 million.”
IAC has agreed to acquire operations in Austria, Belgium, Czech Republic, Germany, the Netherlands, Slovakia, Spain, Sweden and the UK, though the deal is subject to anti-trust approval and other customary conditions, Dow Jones noted, adding that Collins & Aikman filed for bankruptcy protection in May.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
