CVG closes sale of Kings Mountain structured-products business to SVO for $40M; $20M deferred to Oct 1

Commercial Vehicle Group, Inc.

Closed on September 6, 2024; buyer paid $20M of the $40M Purchase Price at closing.
Remaining $20M deferred payment and transfer of employees and Assigned Contracts on October 1, 2024.
Inventory revalued as of October 1 for potential Purchase Price adjustment.
Transition Services Agreement signed for temporary operational support post-closing.

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