January 31, 2020 08:00 AM
Adient sells premium seating unit Recaro
https://www.autonews.com/suppliers/adient-sells-premium-seating-unit-recaro
Quote:
Recaro is now owned by Raven Acquisition LLC, a privately owned, Detroit-based investment corporation, Recaro said in a statement. .............
Adient, the world's largest seating supplier, has struggled financially since it was spun off from Johnson Controls Inc. in October 2016.
Shortly after the spin off, Adient acquired Recaro, which produces premium and specialty vehicle seats for automakers and the aftermarket...........
Recaro has three locations in Europe, the U.S. and Japan and employs about 425 people. In fiscal year 2019, the business generated about $150 million in revenue.
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1977 911S Targa 2.7L (CIS) Silver/Black
2012 Infiniti G37X Coupe (AWD) 3.7L Black on Black
1989 modified Scat II HP Hovercraft
George, Architect
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