Eissmann Group, which is based in Germany and has US plants in Port Huron, Michigan, and Pell City, Alabama, now has a secure future. The provider of interior solutions for premium vehicles has been acquired by Axent Capital Partners, which believes that the importance of automotive interior fittings will increase – particularly with the rollout of autonomous driving.
This acquisition has resolved the insolvency of the company’s domestic operating units. The foreign subsidiaries, including those in the USA, Czechia, Slovakia, Hungary and Mexico, were not affected by the insolvency of the German Eissmann branch or its domestic subsidiaries.
Under the leadership of Axent Capital Partners, around 3,200 of the group’s 5,000 jobs will initially be retained, including more than 600 at the two US plants. In the future, business volume and employment are expected to grow again, particularly through products for high-quality vehicles from US manufacturers. The Eissmann Group will continue to receive support from luxury manufacturers.
Specifically, the takeover consists of the acquisition of the assets of Eissmann Automotive Deutschland, which filed for insolvency in March 2024, as well as the acquisition of shares in the foreign subsidiaries. The assets were transferred to the new Eissmann Deutschland, in which Axent Capital Partners holds all shares.
Eissmann supplies Rolls-Royce, Bentley, Lamborghini, Bugatti, Aston Martin, Porsche, Mercedes-Benz, BMW and Audi with leather and textile materials for seat upholstery and interior elements such as gear knobs, storage compartments and armrests.
Elsewhere in the automotive interiors sector, TMG and Haartz have invested in a US automotive interior surface materials manufacturing facility
