Billionaire Wilbur Ross inches closer to his vision of consolidating auto-interior plastics suppliers by reaching agreement to acquire Lear Corp.’s European interior systems business. The 20 Lear facilities will be folded into International Automotive Components Group LLC, which W.L. Ross & Co. LLC formed in October, along with Franklin Mutual Advisors LLC. IAC already has acquired the European facilities of bankrupt supplier Collins & Aikman Corp., as well as a majority interest ...

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