IAC (International Automotive Components) Group

Company Profile

■URL

http://www.iacgroup.com/

■Address

4, rue Lou Hemmer, L-1748 Findel, Luxembourg

Business Overview

-The Company is a supplier of interior systems and components. Based on the Company’s research, the Company is the largest automotive interiors components and systems supplier in the world.

-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 five geographic regions:

  • Europe
  • North America
  • Asia
  • Africa: Entered into this region through the joint venture with Feltex in 2013
  • South America: Entered region in 2015 with a manufacturing facility and sales office to locally supply cockpit assemblies

 

Competitors

-Adient
-Autoneum
-Faurecia
-Grupo Antolin
-HP Pelzer
-Magna

Shareholders

-The Company is owned by affiliates of the private equity investment firm WL Ross & Co. LLC, affiliates of Franklin Mutual Advisers, LLC, and other investors.

Products

Door systems
-Door 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

Instrument panels and consoles 
-Center consoles
-Instrument panels
-Air distribution ducts
-Air outlets
-Glove boxes
-Cup holders
-Appliques and other decorative trim
-Complete cockpit systems
-Surface materials

Flooring and acoustic systems
-Dash insulators
-Rear package trays
-Floor mats and carpeting
-Heat shields
-Engine side acoustic and insulator trim
-Wheel arch liners
-Trunk trim

Headliners and overhead systems
-Headliners
-Overhead consoles
-Grab handles
-Visors
-Coat hooks
-Air distribution ducts
-Energy management brackets
-Decorative trim
-Interior lighting
-Lightweight substrates

Other interior and exterior components
-Cargo management systems
-Decorative trim
-Load floors
-Seat panels
-Exterior components

  • Fenders
  • Bumper systems
  • Rocker panels and molding
  • Door sills
  • Cowl grilles
  • Reservoir systems

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.

Supplemental Information 1