Recaro Automotive GmbH (Formerly Recaro Automotive Seating GmbH)

Company Profile

■URL

■Address

Stuttgarter Strasse 73, 73230 Kirchheim unter Teck, Germany

Business Overview

-The Company develops and manufactures premium seats from complete seating systems to individual components serving various applications including passenger cars and commercial vehicles under its brand name Recaro.

-In 2011, as a result of Johnson Controls (currently Adient)' acquisitions of the seating business of Recaro Automotive (for passenger cars) and Keiper (for commercial vehicles), the product business unit Recaro Automotive Seating, which belongs to Johnson Controls, carved out to offer complete premium seats for passenger cars and commercial vehicles under its new brand name Recaro.

-In 2020, the Company was acquired by privately owned investment corporation Raven Acquisitions LLC, U.S.

-On July 2024, the Company has filed for insolvency with the Local Court of Esslingen in Germany due to financial difficulties caused by rising costs in recent crisis years and the loss of a major contract. The court approved preliminary self-administration. The insolvency proceedings are limited to Recaro Automotive GmbH and do not affect any other group companies. The company plans to maintain full production during the insolvency proceedings to continue fulfilling all existing orders and new customer inquiries.

Shareholders

-Raven Acquisitions LLC, U.S. privately owned investment corporation, holds 100% ownership of the Company.

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Products

Seats for passenger vehicle
Seats for commercial vehicle

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History

1969	The Reutter family sold the Company to the companies Keiper, Hubbert & Wagner, and Metzeler.
1982	Built the first JIT plant in Bremen and supplied complete seat mountings for the "Mercedes 190".
1983	Keiper bought out all the Company's shares.
1990	The Recaro Center in Kirchheim/Teck was opened.
1997	As part of the reconstruction of Keiper Recaro GmbH & Co. The Company became an independent company under the roof of the Keiper Recaro Group.
2011	Johnson Controls Inc. has completed the acquisition of Keiper Recaro Automotive.
Jan. 2020	The Company was sold by Adient to Raven Acquisitions LLC.
Oct. 2020	Opened new North American facility, Recaro Automotive HQ, in Clinton Township, Michigan.
Jul. 2024	The Company has filed for insolvency with the Local Court of Esslingen in Germany.