News

Malaysian custom auto leather division sold

22/06/2004

Malaysian automotive leather specialist DK Leather Corp Bhd is reported to have sold its DK-Schweizer Leather Trim division for RM494 million ($130 million).

 

The purchaser is the US custom interior specialist Katzkin Leather Inc. which, as part of the same agreement, has agreed to take leather products worth RM100 million from DK over the next three years. It will also act as sole US distributor of the DK-Schweizer brand of automotive products. 

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