Johnson Controls to acquire automotive leather supplier
14/10/2010
US-based Johnson Controls Inc (JIC) is to acquire French automotive supplier Michel Thierry Group.
Michel Thierry, based in Laroque d’Olmes, produces leather, textiles and laminates, which JCI will use for its seating and other interior trim products. Michel Thierry’s services also include design, development, production, weaving, knitting, lamination, embossing, screen printing, welding and laser punching. The company has 1,700 employees.
The acquisition is set for completion by the end of November. Financial terms were not disclosed.
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