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SALE OF CTA ACOUSTICS

TRÈVES GROUP HAS ACQUIRED CTA ACOUSTICS


Birmingham, Michigan – April 15, 2021 – Angle Advisors is pleased to have acted as the exclusive investment banking advisor to CTA Acoustics, Inc. (“CTA” or the “Company”) on its sale to Trèves Group (“Trèves”). CTA was previously owned by an affiliate of Cerberus Capital Management, L.P. (“Cerberus”).


Headquartered in Madison Heights, MI, CTA is a leading supplier of light-weight, fiber-based thermal and acoustic noise reduction solutions for engine side and underbody automotive applications serving blue-chip automotive OEMs. Over its 45+ year history, CTA has combined in-house engineering and raw material blending capabilities to create innovations in acoustics and thermal protection resulting in three patented product lines: QuietBlend, AcoustiBlend, and ThermaBlend. With manufacturing facilities located in Kentucky and Mexico, CTA delivers over 13 million parts annually and serves over 25 different automotive platforms.


“We are proud to have supported CTA and it’s market-leading platform over the years,” said Paul Lusardi, Managing Director of Cerberus Business Finance. “In its next chapter, CTA has found a great strategic partner in Trèves. Angle Advisors’ ability to understand CTA’s business, industry, and competitive dynamics helped in driving the execution of this successful transaction.”


The acquisition by Trèves reinforces its strong core product portfolio and OEM/regional presence in North America. CTA’s products and customers present a complementary fit for Trèves’ ongoing strategy in the automotive noise, vibration, and harshness market.


“Our management team and the shareholders are fully focused to position Trèves as a leading supplier in our market, bringing a broader support to our customers. The synergies will be carefully studied and implemented on a short-term basis in order to ensure that customers can count on a long-term, efficient and reliable supplier,” declares Frédéric Chaussat, Chief Executive Officer of Trèves.


Trèves Group, headquartered in Paris, France, is a global designer and manufacturer of acoustic and thermal insulation solutions for the automotive industry. The Group employs more than 4,200 employees in 22 plants over 16 countries. Founded in 1836 by the Trèves Family and supported by Fonds Avenir Automobile (a Bpifrance fund) since 2009, Trèves Group serves the main Global Automotive Manufacturers including Stellantis, Renault-Nissan-Mitsubishi, BMW, Volkswagen Group, Ford, Honda, Jaguar-Land Rover and Toyota. For more information, please visit https://www.treves-group.com/en.


Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the vehicular and industrial sectors. The firm's professionals have completed 234 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.

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