CVG completes $40M sale of Cab Structures business to Volvo Group company

Commercial Vehicle Group, Inc.

Total consideration $40M; $20M received Sept 6 and final $20M received Oct 1, 2024.
Sale includes Kings Mountain, NC facility; buyer is SVO, LLC, a Volvo Group company.
CEO cites portfolio optimization toward higher-growth products and markets.
CVG and Volvo committed to smooth transition for customers, suppliers, employees.

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