Ross in 1st big North American automotive buy
Dec 01, 2006 | 10:52 AM
| Philip Burgert
After buying companies in Asia, Europe and South America with $1.5 billion in annual revenue, Wilbur L. Ross Jr.'s International Automotive Components Group LLC (IACG) is making its first investment in North America Lear Corp.'s interior systems division.
Ross is chairman of IAC North America LLC, a joint venture between W.L. Ross & Co. LLC, New York; Franklin Mutual Advisors LLC, a subsidiary of Franklin Resources Inc., San Mateo, Calif.; and Lear. Lear will hold 25 percent of the stock of IAC NA and warrants for an additional 7 percent equity interest.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.