Home / Knowledge / News / Textiles / Johnson gets EC nod to buy automotive textile producer
Johnson gets EC nod to buy automotive textile producer
23
Nov '10
The European Commission has approved under the EU Merger Regulation the acquisition of Michel Thierry Group (MTG), a manufacturer of automotive textiles, by Johnson Controls Inc. (JCI), a supplier of automotive components and systems. The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.

MTG is a manufacturer of automotive textiles based in France. Its products are mainly used for car seats but also for other car interior parts such as door panels. The automotive business of US based JCI includes the manufacturing of car seat components, the assembly of complete seats and the production of other interior car components such as door panels or headliners. The parties supply car manufacturers and, in the case of Michel Thierry Group, also so-called Tier 1 (direct) suppliers, such as JCI.

As a result of the planned transaction, JCI will acquire one of its main suppliers of automotive textiles.

The Commission's market investigation highlighted that, in view of credible alternative suppliers and customers, the parties will neither have the incentive nor the ability to close out non-integrated competitors from access to textiles or to manufacturers of interior components using textiles. Moreover, car manufacturers produce part of the textile components they use in-house.

The majority of textile suppliers and seat component manufacturers are chosen by the car manufacturers, who also determine the prices. These have an interest in keeping a sufficient number of potential suppliers of textiles and components. In light of the above, JCI's acquisition will not raise any competition concerns.

The transaction was notified to the Commission on 15 October 2010 for regulatory clearance under the EU merger control rules.

European Commission


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search