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SILLC to sell GST AutoLeather to Advantage Partners

11
Apr '08
Advantage Partners, LLP, (Advantage Partners) an Asia-based private equity firm, announced that the funds that it services have entered into an agreement to acquire 100% of GST AutoLeather Inc (GST), a leading global supplier of automotive leather, from SILLC Holdings, LLC.

GST is a premier global provider of leather upholstery for automotive seating and trim and supplies many of the world's major automotive original equipment manufacturers, including Toyota, Honda, General Motors, Chrysler, Ford, Volkswagen, SAIC, and Nanjing, among others.

GST has provided premium quality automotive leather interiors for the world's leading automakers and suppliers for more than 70 years.

With a global network of sales, customer service, and manufacturing operations in Mexico and China, GST is a market leader in automotive leather in North America, Japan, and China.

GST is well regarded for its customer-centric approach, rigorous quality standards, and integrated ability to design, manufacture, and supply top quality automotive leather worldwide.

On announcing the transaction, Dennis Hiller, CEO of GST, said, “It has been a pleasure to work with the senior management team of Advantage Partners.

I have been truly impressed with their professionalism and knowledge of our industry. It is evident that Advantage Partners and the management team of GST share the same vision of building the world's best automotive leather company.

Advantage Partners' resources will allow GST to realize its growth potential, while maintaining its core principle of providing maximum value to our customers.”


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