BURGOS, SPAIN (Oct. 19, 2:45 p.m. ET) – Spanish auto supplier Grupo Antolin has signed a deal to buy CML Innovative Technologies, a French firm that specializes in automotive interior lighting.
Besançon, France-based CML has seven plants and two research and development centers in the Czech Republic, France, Germany, Romania, the United Kingdom and China. The company employs nearly 1,000 and has 2011 sales of more than 110 million euros.
Burgos-based Antolin is buying CML primarily from funds controlled by DDJ Capital Management, Cerberus Capital and JP Morgan Securities Inc.
Antolin employs 11,800 and has operations in 23 countries.
CEO José Manuel Temiño Estefanía said the CML deal gives Antolin additional business in high-value products.