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This Just In.(Plastech Engineered Products Inc. to acquire Johnson Controls Inc.'s interior trim business)(Cerberus Capital Management L.P. lead bidder for Collins & Aikman Corp.)(Bill & Melinda Gates Foundation awards Fraunhofer USA)

Crain's Detroit Business, December, 2006 by Shea, Bill

Plastech in talks to add new work from JCI Plastech Engineered Products Inc. is in talks to obtain large new automotive interior trim business next year from interiors supplier Johnson Controls Inc. Johnson Controls is the last of the giant interior suppliers to distance itself from the interior trim business, which has become largely unprofitable.

Jeff Williams, group vice president for Johnson Controls, acknowledged the talks with Plastech, a minority-owned supplier in Dearborn. In a statement to Crain's sister publication Automotive News, he said, "It would be premature to comment on what these scenarios might be.'' Plastech CEO Julie Brown declined by e-mail to discuss the negotiations, except to say they do not involve the sale or transfer of...

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