NEW ALBANY, Ohio — Accuride has announced it has sold its Bostrom Seating division to Commercial Vehicle Group.
Accuride acquired Bostrom Seating as part of its 2005 acquisition of Transportation Technologies Industries.
“While 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,” said Bill Lasky, president and CEO of Accuride. “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,” added Mervin Dunn, president and CEO of Commercial Vehicle Group. “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. We look forward to working with Bostrom’s employees, customers and suppliers as we move forward together.”
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