Recaro with new owners

One of the most famous and popular manufacturers of sports car seats has a new owner. Group Putsch owner of Keiper Recaro Group is now part of Johnson Controls Inc. The new owner is one of the largest manufacturers of automotive interior systems and batteries and provides facility management systems, controls and services. The company will continue to makes Recaro seats for sports and luxury cars, and seats for airplanes. The company will retain and production of child seats and pushchairs. From JC commented that they hoped Recaro brand to become the most successful division of the concern. The deal is expected to be finalized during the first half of the year. Financial terms of the deal not yet released.

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Tags automobile industry Recaro