With $135 million, Magna gets the hot seat

Sedgwick, David
September 1996
Automotive News;9/2/1996, Vol. 71 Issue 5676, p4
Trade Publication
Reports on Magna International Inc.'s acquisition of Douglas and Lomason Co. Magna's competitors in the automobile supplies industry; Impact of the acquisition to Magna's share in the North American interiors market; Terms of the deal.


Related Articles

  • Douglas & Lomason deal puts Magna in driver's seat. Sedgwick, David // Crain's Detroit Business;9/16/96, Vol. 12 Issue 38, p15 

    Reports on automotive-interiors maker Magna International Inc.'s plan to purchase Douglas & Lomason in an effort to take the lead over its rivals Lear Corp. and Johnson Controls Inc. Significance of Douglas & Lomason's automotive-seat contract with Ford Motor Co. to Magna's growth strategies in...

  • Seat maker talks center on Magna. Sedgwick, David; Sherefkin, Robert // Automotive News;8/12/1996, Vol. 70 Issue 5673, p4 

    Reports on speculations that automotive seat maker Douglas & Lomason Co.'s is negotiating with Magna International Inc. for a possible alliance. Series of international expansion and acquisition spree by Magna; Allocation of money for capital expenditures; Analysts' assessment of possible tieup...

  • Magna to buy Douglas & Lomason.  // Crain's Detroit Business;9/02/96, Vol. 12 Issue 36, p18 

    Reports on the definitive agreement signed by Magna International Inc. to buy Douglas & Lomason Co. for $31 a share.

  • Magna to pay $135 million for seat firm. Sedgwick, David // Plastics News;9/9/1996, Vol. 8 Issue 28, p24 

    Reports on Magna International Inc.'s agreement to pay about $135 million in cash for Douglas & Lomason Co., a supplier of seating systems, frames, covers, foam and mechanisms for automobiles. Combination of the purchased business with Magna's Atoma Interior Systems Group; Magna's financial...

  • Seat maker gets reprieve. Ramirez, Charles E. // Automotive News;5/16/1994, Vol. 68 Issue 5551, p25 

    Reports on the business recovery of Douglas & Lomason Inc., maker of seating systems and components for automobiles. Planned closure of plants due to losses in 1993; New contracts won from Chrysler Corp. and Ford Motor Co.; Rank in the list of top suppliers according to sales.

  • Magna acquires Lomason.  // Plastics News;10/14/1996, Vol. 8 Issue 33, p16 

    Details the offer by Magna International Incorporated to acquire Douglas & Lomason Company of Farmington Hills, Michigan. Perceptions of Magna on offer; Indepth look at Magna's plans after its acquisition of Douglas & Lomason.

  • Magna: When supplier becomes assembler. Chappell, Lindsay // Automotive News;1/12/1998, Vol. 71 Issue 5748, p4 

    Announces that Magna International Inc. acquired an interest in Steyr-Daimler-Puch AG of Austria. Magna, a Canadian seating and body-stamping supplier; Steyr producing the Mercedes-Benz Gelaendewagen sport utility and E class vehicles; Magna as a major European supplier; The deal securing...

  • Magna launches Europe offensive. Chappell, Lindsay // Automotive News;5/19/1997, Vol. 71 Issue 5713, p32 

    Reports on Magna International Inc.'s plan of acquiring other European firms after its purchase of European auto seating business Tricon Group Holdings Ltd. North American sales of Magna International; Aim of becoming a Tier 1 suppliers in each of the company's business interests.

  • Magna goes east, looks to Asia. Auer, Georg // Automotive News Europe;5/19/2003, Vol. 8 Issue 10, p19 

    Reports on the expansion of Magna International in Asia and central Europe. Reasons for the expansion of the Canadian car parts supplier; Market of Magna in Europe; Benefits of expanding facilities in eastern Europe.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics