Home / Knowledge / News / Textiles / Johnson gets EC nod to buy automotive textile producer
Johnson gets EC nod to buy automotive textile producer
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

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

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


Browse Our Archives


Advanced Search