Johnson Controls Acquires Michel Thierry
Johnson Controls (European Headquarters in Burscheid, Germany), a global leader in automotive seating systems, interior components and electronics, signed a share purchase agreement for the acquisition of Michel Thierry, a supplier of fabrics and lamination to the automotive industry, with strong R&D and manufacturing capabilities in Europe – primarily in France, Spain and the Czech Republic – and operations worldwide. Michel Thierry’s headquarters and main facility are based in Laroque d’Olmes, France. The strategic acquisition of the French automotive supplier will position the company as one of the global leaders in textiles and in integrated trim, thus creating opportunities for future business growth.
Completion of the acquisition, which is subject to customary regulatory approvals, is expected by the end of November 2010.
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