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DURA BECOMES SUPPLIER OF SYSTEMS.
From:
Automotive News
| Date:
February 15, 1999| Author:
McCRACKEN, JEFFREY
| COPYRIGHT 1999 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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DETROIT - Dura Automotive Systems Inc. could be the poster child for auto suppliers in the 1990s.
Since its creation in 1990, Dura has mirrored the rest of the industry - fighting off an early-1990s recession, holding a mid-'90s initial public offering and using acquisitions in the late '90s to become a supplier of entire systems rather than single parts.
This year Dura stepped from the shadows when it announced two deals that effectively tripled its size - f...
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DURA BECOMES SUPPLIER OF SYSTEMS.
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; ... close in the first half of 1999, would push Dura from the 98th-largest auto supplier to North America, according to Automotive News' rankings, to about 20th. The deals also make Dura well diversified among customers. Ford Motor Co. will remain its largest customer ...
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Dura Automotive agrees to acquire auto-parts company; Industry analysts, investors applaud $215 million deal.(BUSINESS)
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; ... Kingdom; U.S. headquarters in Wixom, Mich. - Chairman: J. Richard Jones - Employees: 400 - Busines: makes cable assemblies, door handle assemblies, lighting and other automotive products. - 1997 revenues: $300 million Sources: Companies, Bloomberg News
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