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The Halewood facility is engaged in the assembly and sequencing of cockpit systems and consoles to Jaguar Land Rover's Halewood operation. The Halewood facility posted 2007 sales of around $150 million and operated on close to a break-even basis.
Under the business purchase agreement, Visteon will transfer the assembly facility and associated assets including purchase and supply contracts to IAC Europe. The nearly 150 employees currently employed at the facility will also transfer to the new owner.
Van Buren Township, Michigan-based Visteon is a global automotive supplier that designs, engineers and manufactures climate, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers.
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