Automotive seating supplier Adient has bought a foam plant in Romulus, Michigan from Woodbridge in a deal covering the building, equipment, and inventory.
Adient has acquired a seating foam production plant in Romulus, Michigan from automotive supplier Woodbridge. The deal covered the building, land, production equipment, inventory, and associated assets, with existing employees transferring to Adient and the UAW collective bargaining agreement remaining in place.
The Romulus facility brings Adient’s Americas foam plant count to 11, as part of a global network of 30. The plant serves multiple automaker customers. No financial terms were disclosed.
“We are pleased to welcome the Romulus employees to the Adient family and add this important facility to our footprint. Our global scale and expertise in automotive seating makes this acquisition a positive move for our customers as well,” said Jim Conklin, Executive Vice President, Americas, at Adient.
Source: PRNewsWire
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