12 Jul International Automotive Components announces final closure of Stankiewicz acquisition
KREFELD, Germany. (July 12, 2009) – International Automotive Components Group (“IAC”) completed today the previously announced acquisition of Stankiewicz GmbH and Gimotive GmbH (collectively “Stankiewicz”).
IAC has acquired 9 manufacturing sites in Germany, Belgium, Czech Republic and Poland with approximately 1200 employees generating over € 150 million annual sales. The facilities in France and North America are excluded from the deal.
Terms of the transaction were not released.