NFI and GILLIG Launch Joint Venture to Acquire American Seating Assets

NFI Group and GILLIG have formed a 50/50 joint venture to acquire the assets of American Seating, enhancing their supply chain capabilities in the transit and motorcoach sectors.

• NFI Group Inc. and GILLIG LLC announced the creation of a joint venture to acquire American Seating, a key player in manufacturing seating for transit applications.
• The acquisition aims to bolster the supply chain, allowing NFI, which includes the New Flyer brand, to expand its offerings in the bus and rail markets.
• With a current ratio of 1.64, NFI Group demonstrates strong liquidity, indicating its ability to support this strategic move as stated by their chief executive officer.