American Varroc Lighting Acquires Turkish Automotive Firm
Exterior vehicle lighting specialist U.S.-based Varroc Lighting Sytems has acquired Istanbul-based Sa-ba Automotive, a statement confirmed Monday. "Through Sa-ba Automotive, Varroc Lighting gains valuable manufacturing and production capacity with a 10,000-square-meter manufacturing and technology center near Istanbul, and a new plant under construction in Dimitrovgrad, Bulgaria," the statement said. The terms and conditions of the acquisition, however, were not disclosed. It also noted that the 20,000-square-meter Bulgaria plant will give Varroc Lighting expanded and scalable production capacity for its European customers.