The Accuride Corporation has announced the sale of its Bostrom Seating division to Commercial Vehichle Group, Inc.
“Since acquiring Bostrom Seating as a portion of our 2005 acquisition of Transportation Technologies Industries, Inc., we have continued to build Bostrom’s brand recognition within the industry,” says Bill Lasky, Accuride president, CEO and board chairman. “Bostrom is a solid company with strong customer demand for its products; the seating market is inconsistent with our focus on structural, drivetrain, and wheel-end products for commercial vehicles. The Bostrom Seating brand and people who are transferring with it will be much better served with CVG’s ownership and diversified product focus on cab systems and components.”
“This acquisition further expands our North American presence in certain key end markets and enhances our overall aftermarket position with the addition of the Bostrom Seating brand of products,” says Mervin Dunn, president and CEO of Commercial Vehicle Group.