Johnson Controls buys itself two early Christmas presents

On Tuesday it acquired the Michel Thierry Group, a supplier of fabrics and lamination to the automotive industry based in Laroque d'Olmes, France, and today (2 December) it announced the purchase of C. Rob. Hammerstein Group (CRH), a Solingen, Germany-based supplier of metal seat structures and mechanisms. The acquisition of Michel Thierry, approved by the EC on 22 November, will, Johnson said, enhance its portfolio in seating components. "The acquisition of Michel Thierry complements Johnson Controls' capabilities and positions the company to become a global leader in textiles and integrated trim," said Johnson vice president Dr Beda Bolzenius. "In addition, we will establish an integrated footprint in China to address the increasing demand for high-quality fabrics and cut and sew capabilities there. In the United States we anticipate significant business opportunities that leverage our strong footprint." Michel Thierry has 23 locations in 15 countries and approximately 1,700 employees with product line including automotive textiles and leather production for seating and interiors. Capabilities include design, development, production, weaving, knitting, embroidery (pictured), lamination, embossing, screen printing, welding and laser punching. Commenting on today's announcement of the purchase of CRH, Bolzenius said the acquisition would substantially enhance Johnson's seat product offering as it would "advance our strong market position through global manufacturing capabilities, innovation and further optimization of our portfolio." CRH employs 3,600 people in nine countries. Financial details regarding the transactions were not disclosed.