Sommer Allibert to shut Kansas plant
KANSAS CITY, Kansas, USA - Sommer Allibert Industries SA is closing its plant here that molds and paints bumper fascias. Sommer Allibert, of Nanterre, France, bought the plant from DuPont in 1996. Some of the plant's business, including fascias for General Motors Corp.'s Pontiac Grand Prix and Oldsmobile Intrigue, has been awarded to other suppliers, sources said. Sommer Allibert also molds interior systems in North America at plants in Fountain Inn, South Carolina, and Puebla, Mexico.
Former Cosworth chief heads venture
NOTTINGHAM, England - Interior Technologies Corp. has acquired Lawrence Automotive Ltd. in a deal worth £12 million (euro 18.5 million). Lawrence Automotive is a supplier of luxury wood fascias and trim to clients such as Cadillac, Saab and Land Rover. Established originally as a furniture business in 1875, it expects sales of £14 million this year. Interior Technologies is a new business venture headed by Charles Matthews, former chief executive of Cosworth.
TRW sells stake in wiring business
NEWCASTLE-UNDER-LYME, England - TRW Inc. has finalized the sale of its 50 percent stake in the joint-venture company Lucas SEI Wiring Systems to Japan's Sumitomo Electric Industries. Formed in 1990, Lucas SEI was a sister company to TRW's wholly-owned Lucas Rists Wiring Systems, which specializes in wiring harnesses, cables and high-tension battery leads. TRW is also discussing the sale of Lucas Rists Wiring Systems with a number of parties. The companies came under TRW control when it acquired LucasVarity plc in January for $6.6 billion.
GKN Sinter Metals expands in USA
LONDON - Michigan Sintered Metals Inc., a manufacturer of powder metal structural components, has been acquired by GKN Sinter Metals, a division of GKN plc. Michigan Sintered Metals has three plants in Michigan and Pennsylvania in the USA employing 150 people. Its business is focused on parts for high-stress applications such as gears and sprockets.
AlliedSignal buys Nyltech business
AlliedSignal Inc. has reached an agreement with Rhone Poulenc of France and the Snia Group of Italy to purchase Nyltech North America, located in Manchester, New Hampshire, USA. Nyltech was formed in 1994 as a joint venture between Rhone Poulenc and Snia. The company produces specialty plastic resins used in automotive and electronic/industrial parts. In a simultaneous agreement, another joint venture between Rhone Poulenc and Snia, Nylstar, will purchase AlliedSignal's North American textile nylon business. Nylstar, with sales of $650 million, is the world's second-largest producer of textile nylon.