Brugos, Spain - Automotive interiors group Antolin has acquired the business of Italian car interior trim company CRS Srl, days after it announced the official opening of its second plant in Slovakia.
Group Antolin's acquisition of CRS, which produces inserts for inserts for instrument panels, door panels and pillars, as well as moulds and tools for these processes, marks the start of the Spanish company's expansion into Italy. It has formed a new company, Grupo Antolin-Italy, which will centralise production, as well as technical and commercial operations in the country.
CRS' production plant is based in Pinerolo, 40 km southwest of Turin. It has an area of 7000 sq.m, employs 47 people and it is expected to have a turnover of Euro 8-10 million ($10.6 - 13 million) turnover in 2012, Antolin said in a 1 Feb news release.
The purchase of the CRS business along with the recent acquisition of European lighting supplier CML Innovative Technologies, has allowed the group to expand its presence to 25 countries.
Previously, Antolin announced it had opened a plant for modular headliners and door panels production in Nededza (Zilina), Slovakia, where Kia Motors Slovakia is located. The 5000-sq.m-plant has a staff of 90 people. Antolin said in a 31 Jan news release that the plant is expected to have sales of Euro 16 million, with an installed capacity production of 150 000 modular headliners.
"The launch of this new centre in Slovakia has represented a significant investment, Euro 4.5 million, justified by the need to approach and improve our customer service to Kia Motors that already in 2005 decided to set up its first European plant in Slovakia," commented vice president Ernesto Antolin.
The company has 96 centres, over 13 000 employees and in 2011 obtained a turnover of Euro 2457 million.