Lear Corporation Completes Acquisition of ITT Automotive Seat Sub-Systems Unit
25 August 1997
Lear Corporation Completes Acquisition of ITT Automotive Seat Sub-Systems UnitSOUTHFIELD, Mich., Aug. 25 -- Lear Corporation announced today that it has completed the acquisition of the Seat Sub-Systems Unit of ITT Automotive, a division of ITT Industries . The ITT unit had 1996 sales to non-Lear facilities of approximately $115 million. A Fortune 250 Company, Lear Corporation is one of the world's largest independent automotive suppliers, with 1996 sales of over $6.2 billion. The Company's world class products are manufactured by more than 47,000 employees in over 150 facilities located in 23 countries. Information about Lear and its products is available on the Internet at http://www.lear.com. SOURCE Lear Corporation