Leon Plastics has been acquired by a subsidiary of Motus Integrated Technologies
THE TRANSACTION
In February 2015, the business of Leon was acquired by a subsidiary of Motus.
Our Client
LEON PLASTICS INC.
LEON PLASTICS INC. ("LEON" OR THE “COMPANY”) is a premier supplier of highly engineered, decorative soft-trim interior components, including door and console armrests, instrument panel trim, interior handles and other decorative interior components. Founded in 1958, Leon is headquartered in Grand Rapids, Michigan, and maintains a sales and engineering facility in Livonia, Michigan. Leon has four strategically located manufacturing facilities in Grand Rapids, Michigan; and Ramos Arizpe, Arteaga, and Saltillo, Mexico. In 2014, Leon had nearly 4,000 employees and supplied armrests to over 50 vehicle nameplates, producing the dominant share of door and console armrests for the North American market.
Transaction Partner
MOTUS INTEGRATED TECHNOLOGIES
Motus Integrated Technologies ("Motus") is a privately held Tier 1 supplier of automotive interior products to the world’s automakers with its North American headquarters in Holland, Michigan. Motus’ 1,500 employees produce headliners, sun visors and overhead systems from four manufacturing facilities located in Holland, Michigan; Ramos Arizpe, Mexico; Uberherrn, Germany; and Creutzwald, France. Motus also has production capabilities in Cottondale, Alabama.
ATLAS HOLDINGS LLC
Atlas Holdings LLC ("Atlas") founded in 2002, Atlas is headquartered in Greenwich, Connecticut. Atlas owns 16 companies that employ nearly 11,000 associates and operate from more than 100 facilities across the globe — generating $3.8 billion in revenue annually. Atlas companies are engaged in a variety of industries including aluminum processing, automotive, building materials, capital equipment, construction, energy, industrial services, packaging, paper, power generation, steel and supply chain management.
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