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In June 2011, Recaro sold the automotive seating division to Johnson Controls, a U.S.-based automotive supplier. [2] The acquisition granted Johnson Controls to be a licensee of the RECARO brand in the automotive industry, as well as the exclusive, unlimited right to market Recaro seats for cars and commercial vehicles. [2]
Johnson Controls had entered the automotive seating business in 1985 by acquiring Hoover Universal. [5] In September 2017, Adient acquired the Oak Park, Michigan -based automotive seat manufacturer Futuris from Clearlake Capital, which added 15 facilities in Asia and North America, including one facility based in Newark, California , [ 6 ] and ...
Forvia SE (stylized in all-uppercase), formerly Faurecia SE, is a French global automotive supplier headquartered in Nanterre, in the western suburbs of Paris.In 2022 it was the 7th largest international automotive parts manufacturer in the world and #1 for vehicle interiors and emission control technology.
Lear grew during the 1980s and 1990s through a series of acquisitions. The company sought to become a supplier of complete interior automotive systems, that is, a supplier of seating, electrical, flooring, interior trim, instrument panels, etc., to original equipment manufacturing (OEM) auto companies.
A South Korean company that makes automotive seating said Wednesday that it plans to build a $35 million factory in eastern Georgia to supply a new Hyundai Motor Group plant near Savannah. DAS ...
In 1985, Johnson Controls acquired automotive seating companies Hoover Universal and Ferro Manufacturing. [10] In 1989, Johnson acquired Pan Am World Services. [11] [12] During the 2008–2009 recession, the company's president, Keith Wandell, lobbied Congress for a bailout of the companies that Johnson supplied. [13]