Grupo Antolin (Burgos / Spain; www.grupoantolin.com) on 31 August completed the takeover of the interiors operations of Magna International (Aurora, Ontario / Canada; www.magnaint.com) – for previous coverage, see Plasteurope.com of 21.04.2015. The acquisition does not include Magna’s two joint ventures in China, the Spanish automotive interior components supplier said, adding that the takeover of these two is expected to close before the end of this year.

The purchase doubles Grupo Antonin’s size, lifting its sales to more than EUR 4 bn. With a workforce of over 27,000, the Spanish company will become the third largest global player in the automotive interiors market with a presence in Europe, North America and Asia.