CHARLEVAL, France (June 27) — CVC Capital Partners has sold the Charleval, France, factory of its Metzeler Automotive Profile Systems unit to a group of the factory´s managers.
The sale, first reported in a French newspaper, was confirmed by a spokeswoman for the managers, but she could not provide additional details.
CVC did not return calls for comment.
Last month CVC sold the Metzeler operations in Germany, Italy, Poland and Belgium, and joint venture interests in India and China — representing about $400 million in annual sales — to Cooper-Standard Automotive Inc.
Metzeler still has 17 plants in Europe and North America, including factories in Chester, S.C.; Frederick, Okla.; Madison Heights, Mich.; Keokuk, Iowa; Reidsville, N.C.; Rockford, Tenn.; Oakville, Ontario; and Durango, Mexico.