GST AutoLeather complete acquisition of Seton13 January 2011
Upholstery leather makers, GST AutoLeather announced on January 3, the completion of their acquisition of Seton Company, a major supplier of upholstery leather. The latest announcement includes Seton’s European and South African operations. The initial phase of the deal was completed in September 2010 when GST acquired Seton’s operations in North America, China and South Korea.
‘The completion of the acquisition of Seton comes after two years of conversation and diligent work. I am extremely pleased that both companies recognised the advantages and merit of bringing these two industry leaders together. We believe that our operational, development and product quality strengths provide us with unique capabilities that will benefit our customers worldwide’, said Dennis Hiller, President and CEO of GST AutoLeather.
GST will continue to market its products as the GST brand in North America, China, Japan and Korea. In Europe and South Africa, the company will use the name Seton AutoLeather, a GST AutoLeather Company.
GST now have operations and development capabilities with facilities and resources in North America, South America, China, Korea, South Africa, Germany and Hungary.