Divestiture • Automotive

CVG Acquires Bostrom Seating

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

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

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M&A Deal Summary

Date January 31, 2011
Target Bostrom Seating
Sector Automotive
Buyer(s) CVG
Sellers(s) Accuride
Deal Type Divestiture
Deal Value 9M USD

Target Company

Bostrom Seating

Piedmont, Alabama, United States
Bostrom Seating, Inc. is a domestic manufacturer of suspension seating for use in heavy-duty truck cabs.
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Buyer Overview 1

Buyer

CVG

New Albany, Ohio, United States

Category Company
Founded 2000
Sector Automotive
Employees6,400
Revenue 723M USD (2024)
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 Context for Buyer #
Overall 4 of 9
Sector: Automotive 2 of 5
Type: Divestiture 2 of 3
State: Alabama 1 of 1
Country: United States 4 of 7
Year: 2011 1 of 2
Size (of disclosed) 4 of 7
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 Profile 1

SELLER

Accuride

Evansville, Indiana, United States

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

Accuride 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 was founded in 1986 and is based in Evansville, Indiana.


Deal Context for Seller #
Overall 1 of 5
Sector: Automotive 1 of 4
Type: Divestiture 1 of 5
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 -