On March 17, Futuris Group completed the purchase of Kongsberg Automotive’s North American Headrest/Armrest business subsequently providing a southeastern USA manufacturing presence in Milan, TN for this global automotive, Minority Certified Supplier.
“The acquisition of Kongsberg’s NA headrest and armrest business addresses our need to expand our North American manufacturing footprint and increase our product portfolio as part of the global strategy,” said Futuris President and Chief Executive Officer, Merv Dunn. “The integration of the Milan business has been going very smoothly and we anticipate being able to realize the benefits of this acquisition very quickly,” Dunn said.
