Johnson Controls To Acquire Michel Thierry
Johnson Controls Inc., Milwaukee, has agreed to acquire Michel Thierry, France - an automotive
interior and seating fabrics and lamination supplier that has design, development, production,
weaving, knitting, lamination, embossing, screen-printing, welding and laser-punching capabilities.
"Michel Thierry has continued to strengthen its leading market position in a difficult industry context and will be well-armed to grow further," said Frederic Chaussat, CEO, Michel Thierry. "Johnson Controls Automotive Experience's strong background opens up unique opportunities to capitalize on our innovation, our manufacturing capabilities and our global reach, to conquer new markets within a well-managed, financially stable and respected global company with a foresighted attitude. We will benefit from this step by becoming part of a strong network of expertise with considerable potential for future growth within the automotive industry."