Motus Integrated Technologies, a Tier 1 automotive interiors supplier, is getting bigger, adding the assets of Tier 2 supplier Leon Interiors Inc.
Holland, Mich.-based Motus formed last year when private equity firm Atlas Holdings LLC helped a group of experienced automotive executives buy Johnson Controls Inc.'s headliner and sun visor business. Atlas also partnered in the latest acquisition. Terms of the new deal were not disclosed.
“The mindset of our company is to grow strategically and where it makes the most sense,” said Chris Hall, vice president of corporate strategy at Motus.
Leon will continue as a stand-alone business called Leon Automotive Interiors and operate as a subsidiary of Motus. The company employs about 300 in Michigan and another 3,000 at three facilities in Mexico. Its manufacturing operations are in Grand Rapids, Mich., and Ramos Arizpe, Arteaga, and Saltillo, Mexico.
Hall said the acquisition was three to four months in the making and will help diversify the company's product line. It also boosts its technical capabilities.
“They have their own customers. They are Tier 2, while we call directly on the OEMs,” he said.
Leon Automotive Interiors make soft-trim interior components, including door and console armrests, instrument panel trim, interior handles and other decorative items. The company also has a sales and engineering office in Livonia, Mich.
Leon is vertically integrated and has injection molding operations both in Michigan and Mexico. Oeon supplies armrests to more than 50 vehicle nameplates, and claims to hold a dominant share of the North American door and console armrest market.
Motus has 1,500 employees. It has four manufacturing sites — Holland; Ramos Arizpe, Mexico; Uberherrn, Germany; and Creutzwald, France. It also has production capabilities in Cottondale, Ala.