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(keyplastics) -- Key Plastics, L.L.C. (Key), a tier one
global supplier of automotive components, today announced the completion of a
transaction whereby Key sold a portion of its European operations in a
management buy-out. Effective February 16, the newly-formed Innovative
Components Technologies GmbH (ICT) of Germany became the owner and operator of
the following Key facilities: Wachtersbach, Germany; Lennestadt, Germany;
Kierspe, Germany; Tachov, Czech Republic; and Borja, Spain.
Key retains operations, tied to its core businesses, at 12 locations in seven
countries. Key’s operations in Europe now consist of manufacturing and
engineering facilities in Leiria and Vendas Novas, Portugal; Lohne, Germany; and
Janovice, Czech Republic. Key also operates from locations in the United States,
China, Japan and Mexico. Key’s core businesses include the engineering and
production of automotive handles, bezels and clusters, mechanisms and air
registers, highly decorated trim components, and select precision-molded engine
compartment products. |
