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Visteon to sell non-core automotive interiors plant in Berlin

Staff writer ▼ | November 2, 2015
Visteon Corporation signed an agreement to sell its non-core automotive interiors plant in Berlin held by Visteon Deutschland and APTUS to APCH Automotive Plastic Components Holding, effective December 1.
Visteon Corporation
Selling non-core business   APCH Automotive Plastic Components to buy plant
This marks the sale of Visteon's only remaining interiors operation not covered by the 2014 divestiture of the interiors business to Reydel Automotive Holdings B.V., as Visteon focuses on its automotive cockpit electronics business.

APCH will be led by Mark Blair, a former plant manager of the Berlin interiors manufacturing plant.

The transaction, which is subject to certain closing conditions, effectively results in a management buyout of the manufacturing operation, including the operation's approximately 400 employees, in support of its customers. Terms were not disclosed.

This transaction has no impact on Visteon electronics facilities in Germany.