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Last updated on April 19, 2014 at 1:20 EDT

Latest Guilford Mills Stories

2012-08-02 02:21:01

SOUTHFIELD, Mich., Aug. 2, 2012 /PRNewswire/ -- Lear Corporation [NYSE: LEA], a leading global supplier of automotive seating and electrical power management systems, today reported financial results for the second quarter of 2012. Highlights include: Net sales of $3.7 billion Record sales in Electrical Power Management Systems Core operating earnings of $197 million Diluted earnings per share of $1.45; adjusted earnings per share of $1.35 Free cash flow of $49 million...

2012-06-07 10:20:16

NEW YORK, June 7, 2012 /PRNewswire/ -- An affiliate of Cerberus Capital Management, L.P., one of the world's leading private investment firms, has completed the sale of Guilford Mills, a global leader in automotive and specialty fabrics, to Lear Corporation, a leading global supplier of automotive seating and electrical power management systems, for a total purchase price of $257 million. The transaction closed on May 31, 2012. An affiliate of Cerberus acquired Guilford Mills in 2004....

2012-05-31 06:21:48

SOUTHFIELD, Mich., May 31, 2012 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical power management systems, has completed the acquisition of Guilford Mills, a global leader in automotive and specialty fabrics. The purchase price was $257 million. "The acquisition of Guilford is consistent with our strategy to strengthen and grow our core businesses by expanding our component capabilities," said Matt Simoncini, Lear's...

2012-04-11 10:21:10

SOUTHFIELD, Mich., April 11, 2012 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical power management systems, today announced that it has signed an agreement to acquire Guilford Mills, a privately-held portfolio company of Cerberus Capital Management, L.P. that manufactures fabrics for the automotive and specialty markets. Guilford, which is headquartered in Wilmington, North Carolina, has been a supplier of fabrics to...