Collins & Aikman Plastics Acquires Automotive Plastics Company Kigass Automotive
2 February 1998
Collins & Aikman Plastics Acquires Automotive Plastics Company Kigass AutomotiveStrategic Move Will Increase Company's European Presence CHARLOTTE, N.C., Feb. 2 -- Collins & Aikman Plastics, a subsidiary of Collins & Aikman Corporation , announced today that it has acquired Kigass Automotive Group, a privately-held, automotive interior plastic trim products manufacturer headquartered in Leamington Spa, England. "Europe offers us a tremendous opportunity to market our plastics expertise," said D. Michael Weston, President of Collins & Aikman Plastics. "One of our primary objectives is to leverage our technologies with Kigass Automotive's engineering and manufacturing capabilities to grow our combined interior trim business globally. Collins & Aikman Plastics is the leading manufacturer of air registers for climate control and interior trim, and combined with Kigass Automotive can offer its European customers a full range of engineered interior trim products for their vehicles, including door panels, consoles, instrument panels, and climate control products." Kigass Automotive has manufacturing operations in England at Warwick, Redditch, Sunderland, and Leamington Spa and has a separate Design and Engineering facility also located in Leamington Spa. Kigass supplies a large number of European OEM's including Ford, Honda, Rover, Jaguar, Nissan and Opel. "This niche acquisition of Kigass Automotive is a significant move for us as we expand our international presence and automotive interiors product line," said Thomas E. Hannah, Chief Executive Officer of Collins & Aikman. "With more auto manufacturers requiring complete automotive interior systems and engineering support on a global basis, this purchase helps us reach the European market for interior plastic systems." Collins & Aikman Corporation is a global supplier of automotive interior systems, including textile and plastic trim, acoustics and convertible top systems. Headquartered in Charlotte, NC, the Company's recent acquisitions have significantly expanded Collins & Aikman's product offering and international presence. The Company employs 14,000 employees and operates 58 manufacturing facilities in 9 countries. SOURCE Collins & Aikman Corporation