MOTUS INTEGRATED TECHNOLOGIES COMPLETES ACQUISITION OF LEON AUTOMOTIVE INTERIORS
HOLLAND, MICH., March 2, 2015 – Motus Integrated Technologies (“Motus”) – a Tier 1 automotive interiors supplier formed by experienced automotive industry executives and Atlas Holdings LLC (“Atlas”) in 2014 – announced today that it has acquired the assets of automotive supplier Leon Automotive Interiors. Terms of the deal were not disclosed.
The addition of the Leon Automotive Interiors business to Motus provides several important benefits for the customers of both Motus and Leon. Through the acquisition, Motus diversifies and expands its product offering, customer base and technical capabilities, and adds a highly complementary and strategic set of manufacturing facilities in Mexico and Michigan. Leon, which will continue to do business as a stand-alone company and operate as a subsidiary of Motus, will benefit from Motus’ operating expertise, launch capabilities and complementary manufacturing footprint.
“Since the formation of Motus less than a year ago, we have been focused on opportunities to continue to strategically grow the business in ways that will benefit our customers. Through the acquisition of Leon, we are enhancing our already experienced and dedicated team, and we are expanding our product portfolio with the addition of key, high-quality interior components and production capabilities,” said Shannon White, President and CEO of Motus. “This acquisition is consistent with our growth strategy and commitment to providing best-in-class quality, service and innovation to OEMs globally.”
Leon Automotive Interiors is a premier supplier of highly engineered, decorative soft-trim interior components, including door and console armrests, instrument panel trim, interior handles and other decorative interior components. Leon operates a sales and engineering office in Livonia, Michigan and four strategically located manufacturing facilities in Grand Rapids, Michigan; Ramos Arizpe, Arteaga; and Saltillo, Mexico. In 2014, the company supplied armrests to over 50 vehicle nameplates, producing the dominant share of door and console armrests for the North American market.
About Motus Integrated Technologies
Motus Integrated Technologies is a privately held Tier 1 supplier of automotive interior products to the world’s automakers with its North American headquarters in Holland, Michigan. The company’s 1,500 employees produce headliners, sun visors and overhead systems from four manufacturing facilities located in Holland, Michigan; Ramos Arizpe, Mexico; Uberherrn, Germany; and Creutzwald, France. Motus also has production capabilities in Cottondale, Alabama. For more information, visit www.motusintegrated.com.
About Atlas Holdings LLC
Founded in 2002, Atlas Holdings LLC is headquartered in Greenwich, Connecticut. Atlas owns 16 companies that employ nearly 11,000 associates and operate from more than 100 facilities across the globe — generating $3.8 billion in revenue annually. Atlas companies are engaged in a variety of industries including aluminum processing, automotive, building materials, capital equipment, construction, energy, industrial services, packaging, paper, power generation, steel and supply chain management. For more information, visit www.atlasholdingsllc.com.
Eisbrenner Public Relations