Commercial Vehicle Group Completes Sale of Cab Structures Business
Commercial Vehicle Group, Inc. (CVGI)
Last commercial vehicle group, inc. earnings: 3/16 04:45 pm
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US:NASDAQ Investor Relations:
ir.cvgrp.com
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Source: GlobeNewswire
NEW ALBANY, Ohio, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the “Company” or “CVG”) (NASDAQ: CVGI), a diversified industrial products and services company, announced it has completed the sale, effective October 1, 2024, of its Cab Structures business with operations in Kings Mountain, North Carolina to a Volvo Group company. As part of the sale, CVG received a total of $40 million, with $20 million received on September 6, 2024, and the remaining $20 million received on October 1, 2024. James Ray, President and CEO of CVG, stated, “This is a positive transaction for both companies and supports CVG’s efforts to optimize our portfolio toward higher-growth products and markets in line with our ongoing strategic transformation plan. We’re happy to see the plant in good hands as Kings Mountain employees will benefit from being integrated into their customer’s operations. We’re grateful for their contributions to CVG over the years.” CVG and Volvo are committed to a sm
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News
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- Impressive Earnings May Not Tell The Whole Story For Commercial Vehicle Group (NASDAQ:CVGI) [Yahoo! Finance]Yahoo! Finance
- Bengur Bryan Advises Commercial Vehicle Group on the Sale of its First Source Electronics Business to Woodson EquityPR Web
CVGI
Earnings
- 11/4/24 - Miss
CVGI
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- CVGI's page on the SEC website