Beijing Hainachuan Automotive Parts Co., a Chinese parts conglomerate, has agreed to buy Inalfa Roof Systems Group BV for an undisclosed price.
Inalfa, of Amsterdam, is one of the world's leading sunroof producers. Customers include BMW AG, Daimler AG, Chrysler Group, Ford Motor Co., General Motors, Geely, Volkswagen AG and others.
Inalfa has facilities in China, Europe, the United States, South Korea, Brazil, Mexico and Japan.
The company is owned by AAC Capital Partners, a European buyout firm, and Parcom Capital. AAC Capital announced the deal April 27 in a written statement.
Hainachuan is a 60/40 joint venture owned by Beijing Automotive Industry Holding Co. and Beijing Industrial Development Investment Management Co.
The joint venture was established in Beijing in 2008.
Hainachuan owns 26 manufacturing subsidiaries that produce interior and exterior trim, seats, electronic modules, heat exchangers and chassis components.
The company maintains joint ventures with international suppliers such as Johnson Controls, Delphi, Lear, Visteon, BorgWarner and Tenneco.
The transaction awaits approval by China's National Development and Reform Commission.