Accuride Corp. has announced the sale of its Bostrom Seating division to Commercial Vehicle Group Inc. “Since acquiring Bostrom Seating as a portion of our 2005 acquisition of Transportation Technologies Industries, we have continued to build Bostrom’s brand recognition within the industry,” says Bill Lasky, Accuride’s president, chief executive officer and chairman of the board. “Today, Bostrom’s seats are well-known for their comfort, reliability and style.”
Lasky says that while Bostrom is a solid company with strong customer demand for its products, the seating market is inconsistent with Accuride’s 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,” he says.
Mervin Dunn, president and CEO of Commercial Vehicle Group, says the Bostrom acquisition expands its North American presence in certain key end markets and enhances its overall aftermarket position. “Bostrom’s product offering and position in the commercial vehicle seating market, along with our existing operations and strong National and KAB Seating brands, make this a strategic opportunity for us,” Dunn says. “We look forward to working with Bostrom’s employees, customers and suppliers as we move forward together.”