M&A Deal Summary

CVG Acquires Bostrom Seating

On January 31, 2011, CVG acquired automotive company Bostrom Seating from Accuride for 9M USD

Acquisition Highlights
  • This is CVG’s 2nd transaction in the Automotive sector.
  • This is CVG’s 3rd largest (disclosed) transaction.
  • This is CVG’s 4th transaction in the United States.
  • This is CVG’s 1st transaction in Alabama.

M&A Deal Summary
Date 2011-01-31
Target Bostrom Seating
Sector Automotive
Buyer(s) CVG
Sellers(s) Accuride
Deal Type Divestiture
Deal Value 9M USD

Target

Bostrom Seating

Piedmont, Alabama, United States
website
Bostrom Seating, Inc. is a domestic manufacturer of suspension seating for use in heavy-duty truck cabs.

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Buyer(S) 1

Buyer

CVG

New Albany, Ohio, United States

website

Category Company
Founded 2000
Sector Automotive
Employees7,600
Revenue 982M USD (2022)
DESCRIPTION

CVG is a manufacturer of components and systems for the medium and heavy duty commercial vehicles market. CVG was founded in 2000 and is based in New Albany, Ohio.

DEAL STATS #
Overall 4 of 8
Sector (Automotive) 2 of 4
Type (Divestiture) 2 of 2
State (Alabama) 1 of 1
Country (United States) 4 of 6
Year (2011) 1 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-05 Short Bark Industries

Tellico Plains, Tennessee, United States

Short Bark Industries LLC is a provider of seat covers and various cut-and-sew trim products.

Buy $4M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-29 Stratos Seating

Wetherill Park, Australia

Stratos Seating is a manufacturer of seats for military vehicles.

Buy -

Seller(S) 1

SELLER

Accuride

Evansville, Indiana, United States

website

Category Company
Founded 1986
Sector Manufacturing
Employees2,100
Revenue 685M USD (2015)
DESCRIPTION

Accuride Corp. is a manufacturer and supplier of wheels and wheel-end components to the global commercial vehicle markets. The company’s products include steel and aluminum commercial vehicle wheels and wheel?end components and assemblies; and steel wheels for the European automotive and global agricultural, construction, and industrial equipment markets. Accuride Corp. was founded in 1986 and is based in Evansville, Indiana.

DEAL STATS #
Overall 1 of 4
Sector (Automotive) 1 of 3
Type (Divestiture) 1 of 4
State (Alabama) 1 of 1
Country (United States) 1 of 4
Year (2011) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-31 Bostrom Seating

Piedmont, Alabama, United States

Bostrom Seating, Inc. is a domestic manufacturer of suspension seating for use in heavy-duty truck cabs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-26 Fabco

Livermore, California, United States

Fabco is a provider of highly engineered, specialty gearbox, axle, and transfer case products for all-wheel drive, medium, and heavy-duty vehicles used in severe service applications. Fabco was founded in 1918 and is based in Livermore, California.

Sell -
Mergr

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