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Advanced Accessory Systems Completes Sale of Its Towing System Businesses to Thule for $203 Million.

Publication: PR Newswire
Publication Date: 06-SEP-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
STERLING HEIGHTS, Mich., Sept. 6 /PRNewswire/ -- Advanced Accessory Systems (AAS), a leading maker of automotive roof racks and towing systems, announced today that it has completed the divestiture of its towing system businesses in the U.S. and Europe to Thule AB of Sweden for $203 million, subject to adjustments.



The assets involved in the sale included: * Brink International B.V., Europe's leading manufacturer and distributor of towing systems, related accessories and...

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