Canadian Plastics

TRW Auto Division to Go Public

TRW Automotive, a company with 2002 sales of $10.6 billion, began trading its shares on the New York Stock Exchange. The initial public offering of 24 million shares at $28 to $30 each, is expected to...

March 1, 2004   Canadian Plastics



TRW Automotive, a company with 2002 sales of $10.6 billion, began trading its shares on the New York Stock Exchange. The initial public offering of 24 million shares at $28 to $30 each, is expected to raise nearly $700 million.

According to a report carried by Reuters, the manufacturer of seat belts, brakes, steering and suspension systems, has one of the top-tier revenue streams in the auto parts supply business, but also has a high debt load of $3.7 billion.

TRW is controlled by private equity firm Blackstone Group.


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