Commercial Vehicle Group acquires Bostrom Seating

  • 07-Feb-2011 02:36 EST

Commercial Vehicle Group Inc. (CVG) has acquired substantially all assets of Bostrom Seating Inc., a seat supplier to the North American heavy truck, aftermarket, bus, and specialty vehicle markets. Bostrom, a division of Accuride Corp. Inc., has one owned manufacturing facility in Piedmont, AL, and an engineering office in Wixom, MI. Accuride will continue to focus on structural, drivetrain, and wheel-end products for commercial vehicles. Total cash consideration for the transaction was approximately $8.8 million. “This acquisition further expands our North American presence in certain key end markets and enhances our overall aftermarket position with the addition of the Bostrom Seating brand of products,” said Mervin Dunn, President and Chief Executive Officer of CVG, a New Albany, OH-headquartered supplier of fully integrated system solutions for the global heavy-duty truck, construction and agriculture, and specialty and military transportation markets.

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