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Sweden: Acquisition Toray Completes Take Over of Alva Sweden

Editor: Ahlam Rais

Toray has acquired all shares of the European company – Alva Sweden. Post the deal, the company is expected to retain its company name and operate under a new management team.

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Toray announced its intention to make the purchase on August 28, 2019.
Toray announced its intention to make the purchase on August 28, 2019.
(Source: Deposit Photos)

Tokyo/Japan – Toray Industries has recently announced that it completed procedures to acquire all of the issued and outstanding shares of Alva Sweden, a manufacturer of cushions for automotive airbag systems, on January 7. Toray announced its intention to make this purchase on August 28, 2019.

Alva Sweden retains its company name.

Profile of Alva Sweden

1. Headquarters location: Västra Götaland County, Mölndal, Sweden

2. CEO: Lars Westerlind

Specialist Book „Heat Transfer Technique“The comprehensive standard work „Heat Transfer Technique“ offers not only a detailed and well-founded presentation of the basics of heat transfer technique, but also shows the latest state of the art and the latest regulations in the use of organic fluids. Thematically, the book is rounded off with an overview of property data of organic heat transfer fluids as well as many use cases from practical experience.

3. Establishment: 1948 (initiating cushion production for automotive airbag systems in 1997)

4. Business: Selling cushions for automotive airbag systems

5. Production units:

(1) Alva Confecções

・Headquarters location: Sintra, Portugal

・Business: Airbag cutting and sewing and sales

(2) Alva Tunisia

・Headquarters location: Ariana, Tunisia

・Business: Airbag cutting and sewing

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