Commercial Vehicle Group said Jan. 31 it bought heavy-duty truck seating unit Bostrom Seating from fellow compoent maker Accuride Corp., for $8.8 million.
Bostrom, which supplies the North American heavy-duty truck, aftermarket, bus and specialty vehicle markets. has a manufacturing facility in Piedmont, Ala., that employs about 135 people and an engineering office in Wixom, Mich.
The acquisition â€œfurther expands our North American presence in certain key end markets and enhances our overall aftermarket position,â€� Mervin Dunn, CVGâ€™s president, said in a statement.
â€œWhile Bostrom is a solid company . . . the seating market is inconsistent with our focus on structural, drivetrain, and wheel-end products for commercial vehicles,â€� said Accuride CEO Bill Lasky.
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