IAC (International Automotive Components) Group
Company Profile
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Business Overview
-The Company is a leading global supplier of interior systems and components such as instrument panels, consoles and door panels. It also develops and provides components such as bumper fascias and exterior trim.
-The Group was formed in October 2005 by WL Ross & Co., LLC and Franklin Mutual Advisers, LLC to acquire the European assets of Collins & Aikman. In October 2006, the Company expanded by purchasing Lear's European Interior business.
-The Company's operations are segmented into three geographic regions:
- Europe and South Africa
- North America
- Asia
Competitors
-Adient
-Autoneum
-Faurecia
-Grupo Antolin
-HP Pelzer
-Magna
Shareholders
-The Company is owned by multiple private equity firms. WL Ross & Co. LLC, affiliates of Franklin Mutual Advisers, LLC, is a majority shareholder. Gamut Capital Management LP owns a minority equity interest in the Company.
Products
Door trim systems
-Door panels
-Side panels
-Decorative vinyl and cloth-covered inserts
-Appliques
-Armrests
-Speaker grilles
-Switch plates
-Map pockets
-Energy-absorbing safety countermeasures
-Acoustic insulation technologies
-Assembly and sequencing for complete door systems
Console systems
-Center consoles
-Glove boxes
-Cup holders
-Appliques and other decorative trim
-Armrests
-Microbe abatement and cleanable surfaces developed through addition of protective components to resins prior to molding
Instrument panel and cockpit systems
-Instrument panels
-Dash insulators
-Rear package trays
-Floor mats and carpeting
-Heat shields
-Trunk trim
-Illuminated Surfaces with ambient backlit surfaces across multiple components
-Smart Surface technology with soft or hard surface applications
-Injection Molded Soft Skin technology for consistent skin thickness without heavy corners
Overhead systems
-Headliners
-Overhead consoles
-Grab handles
-Visors
-Coat hooks
-Air distribution ducts
-Energy management brackets
Other interior components
-Cargo management systems
-Decorative trim
-Load floors
-Seat panels
-Audio Glass sustainable speaker system developed with recycled materials and additive on-demand technologies
Brand innovations
-Coreback process introducing chemical foaming agent to resin for increased strength and reduced weight
-FastKast process using PVC and TPU to improve quality and environmental sustainability and reduce cycle times
-FiberFrame environmentally sustainable lightweight natural fiber sunroof frame
-HybridFleece Molding process combining pressing of thermoplastic-mixed fiber fleece with molding of stiffening ribs into a one-step process
-Safe-TEC injection molded module with improved side-impact protection and performance
-SmartFoil interior trim with improved haptic response, reduced weight and improved durability
-ThinFoam process to enable decreased instrument panel thickness from 8-10 millimeters to 3 millimeters
-TwinFoil dual foil surfaces on single component
-TwinSurface dual surfaces on single component
-Hybrid Molding process combining compression and injection molding to reduce weight and improve sustainability
-Intelligent Surface Inserts seamless surface technology integrating touch features with ambient backlighting
-FreeForm technology that enables grain and stitch lines in combination with backlighting details for the interior
-Monomaterial components made from one-step compression molding and laminating process for fully recyclable construction
-Natural fiber materials for lightweight, renewable reinforcement to strengthen plastics used in headliners, doors, instrument panels and consoles
History
| 2005 | WL Ross & Co., LLC and Franklin Mutual Advisers, LLC established the Company through acquiring the European assets of Collins & Aikman. |
| 2006 | Acquired European Interior business from Lear Corporation. |
| Expanded its operations in Asia, acquiring Mitsuboshi Belting Kaseihin (former subsidiary of Mitsuboshi Belting Ltd.) and the Company changed its name to IAC Japan Co., Ltd. | |
| 2007 | Acquired North American Interior business from Lear Corporation. |
| Acquired North American Carpet and Acoustics division of Collins & Aikman. | |
| 2008 | Acquired Visteon's Halewood UK facility. |
| 2009 | Acquired certain operations of Stankiewicz GmbH and Gimotive GmbH, a German supplier of insulations, dampening products, sound absorbers, floor coverings. |
| 2010 | Acquired automotive interior component supplier AMPRO Molding, LLC, based in Anniston, Alabama, U.S. |
| 2011 | Acquired the automotive assets of New Delhi-based Multivac India Private Limited. |
| Formed two joint ventures in Malaysia and Thailand with Malaysia-based APM Automotive Holdings Berhad (APM), a supplier of automotive interior products. | |
| Formed a joint venture, named Reyes Automotive Group II (RAG II), with a Texas, U.S.-based Reyes Holdings, LLP. | |
| 2013 | Entered into the South African automotive market, establishing a joint venture with Feltex Automotive, a South Africa-based supplier of automotive trim components. |
| Dec. 2016 | Signed agreement to form joint venture with Shanghai Shenda Co. Ltd., to supply soft trim and acoustics. |
| Jun. 2017 | Inaugurates a new regional and global engineering center in Pune, India. |
| Oct. 2017 | Announced that it officially opened its state-of-the-art plant for tailored interiors in Opole, Poland. |
| Mar. 2018 | Announced that it officially opened its state-of-the-art plant for premium door panels in Prestice, Czech Republic. |
| Jun. 2018 | Announced that it broke ground for a production facility in Santa Catarina, Mexico. |
| Aug. 2018 | Announced the inauguration of its new state-of-the-art plant in Manesar. |