DRIVING ONWARDS
With GST AutoLeather’s acquisition of Seton Leather earlier this year, two very strong and identifiable brand names came together in automotive leather and are ready to take their new products and services into the fast lane. Abigail Saltmarsh reports. 24 Industry Europe
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January 5, 2011, GST, a leading global supplier of automotive leather, announced that it had completed the acquisition of Seton’s automotive leather operations in Europe and South Africa. According to Dennis Hiller, president and CEO of GST and Seton AutoLeather, the name of Seton AutoLeather will remain in Europe and South Africa. The combining of the two companies has enhanced both operations and serves to strengthen the company’s product offerings as the new business moves forward. “The completion of the acquisition of Seton AutoLeather comes after two years of discussion and diligent work. I am extremely pleased that both companies recognised the advantages and merit of bringing these two industry leaders together,” he said. “Legally, this was an acquisition but, practically, it was the seamless coming together