VAN BUREN TOWNSHIP, Mich.,
Oct. 30, 2015 /PRNewswire/ -- Visteon
Corporation (NYSE:VC) has signed an agreement to sell its non-core
automotive interiors plant in Berlin, currently held by Visteon
Deutschland GmbH and APTUS GmbH, to APCH Automotive Plastic
Components Holding GmbH (APCH), effective Dec. 1. This marks the sale of Visteon's only
remaining interiors operation not covered by the 2014 divestiture
of the interiors business to Reydel Automotive Holdings B.V., as
Visteon focuses on its automotive cockpit electronics business.
APCH will be led by Mark Blair, a
former plant manager of the Berlin
interiors manufacturing plant. The transaction, which is subject to
certain closing conditions, effectively results in a management
buyout of the manufacturing operation, including the operation's
approximately 400 employees, in support of its customers. Terms
were not disclosed.
This transaction has no impact on Visteon electronics facilities
in Germany.
About Visteon
Visteon is a global company that designs, engineers and
manufactures innovative cockpit electronics products and connected
car solutions for most of the world's major vehicle manufacturers.
Visteon is a leading provider of driver information and controls,
audio and infotainment, and domain controllers; its brands include
Lightscape®, OpenAir® and SmartCore™. With corporate offices in
Van Buren Township, Michigan,
(U.S.); Shanghai, China; and
Chelmsford, UK; Visteon has more
than 11,000 employees at 50 facilities in 21 countries. Visteon had
sales of $2.6 billion in 2014. Learn
more at www.visteon.com.
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SOURCE Visteon Corporation