Lear poised to buy leather supplier Eagle Ottawa

28 August 2014

Renowned producer of auto seats and electrical power systems Lear Corp. is closer to finalising a deal to buy premium automotive leather supplier Eagle Ottawa LLC for more than $800 million, as reported in the Wall Street Journal.

The deal for Eagle Ottawa, a subsidiary of Milwaukee-based investment firm Everett Smith Group Ltd, could be announced by early September.

Eagle Ottawa, based in Auburn Hills, Michigan, manufactures leather products that are used in luxury cars like BMW and Mercedes-Benz.

Lear, which is headquartered in Southfield, Michigan, includes Ford Motor Co, General Motors Co and BMW AG as its largest customers, and these three companies represent 54% of Lear's sales last year.

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.