SÃO PAULO, Brazil, Jan. 12 /CNW/ - Magna Seating, an operating unit of
Magna International which develops and manufactures complete seating
solutions and mechanisms, continues its growth in South America with
the acquisition of automotive seat supplier Pabsa S.A. The new entity
will operate as Magna Seating Argentina.
Pabsa, previously part of the L'Equipe Monteur Group, is based in Buenos
Aires, Argentina, and is a vertically integrated supplier of complete
seats, foam products, trim covers and seat structures. In 2010, they
recorded sales of approximately $110 million USD.
The acquisition -- which includes two production facilities in Buenos
Aires and one in Cordoba, Argentina, and has approximately 960
employees -- increases Magna Seating's global footprint and further
positions the company as a leading supplier of automotive seating
solutions in South America.
"We continue to make a significant commitment to the South American
automotive market and our global OEM customers," said Joe Pittel,
President of Magna Seating. "Through recent acquisitions and investment
we have strengthened our position to immediately support the global
platforms of our customers."
Magna Seating recently announced the acquisition of automotive seating
supplier Resil Minas and the establishment of a manufacturing facility
in the São Paulo area to produce complete seats for General Motors and
About Magna Seating
Magna Seating (www.magnaseating.com) is an innovative leader in the development and manufacture of
high-quality complete seat solutions and seat mechanisms for the global
automotive industry. Their capabilities range from consumer and market
research, full concept development, design and engineering, testing and
validation to world-class manufacturing of seating components and
complete seat assemblies.
About Magna International
Magna International (www.magna.com) is the most diversified automotive supplier in the world. We design,
develop and manufacture automotive systems, assemblies, modules and
components, and engineer and assemble complete vehicles, primarily for
sale to original equipment manufacturers of cars and light trucks in
North America, Europe, Asia, South America and Africa. Our capabilities
include the design, engineering, testing and manufacture of automotive
interior systems; seating systems; closure systems; metal body and
structural systems; vision systems; electronic systems; exterior
systems; powertrain systems; roof systems; hybrid and electric
vehicles/systems as well as complete vehicle engineering and assembly.
Magna has more than 92,000 employees in 248 manufacturing operations and
81 product development, engineering and sales centers in 25 countries.
SOURCE Magna International of America Inc.
For further information:
Director, Corporate Communications