October 21, 2016 2:53 PM ET

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Company Overview of Key Safety Systems, Inc.

Company Overview

Key Safety Systems, Inc. designs, develops, manufactures, and supplies advanced engineered safety products for global automotive and non-automotive markets worldwide. The company offers active safety products, such as autonomous technologies, event protection, and integrated safety and electronics; passive safety products, including airbags, inflators, seatbelts, and steering wheels; and specialty products, such as aerospace, industrial, personal protection, and ultra-premium products. It serves active safety, passive safety, and specialty product sectors. The company was formerly known as BREED Technologies, Inc. and changed its name to Key Safety Systems, Inc. in September 2003. Key Safety...

7000 Nineteen Mile Road

Sterling Heights, MI 48314

United States

Founded in 1986

16,300 Employees





Key Executives for Key Safety Systems, Inc.

Vice Chairman, Chief Executive Officer and President
Chief Financial Officer and Senior Vice President
Age: 47
Chief Technology Officer and President of Active Safety Division
President of Key Plastics LLC and Chief Operating Officer - Key Plastics LLC
President of Passive Safety Division and President of Asia
Compensation as of Fiscal Year 2016.

Key Safety Systems, Inc. Key Developments

Key Safety Systems Seeks Acquisitions

Key Safety Systems, Inc. is looking for acquisition opportunities. Key Safety Systems is exploring growth opportunities through technical tie-ups as well as acquisitions in the safety equipment sector.

Takata Reportedly Moves Forward With The Auction

Takata Corporation (TSE:7312) is moving forward with its auction. The Carlyle Group LP (NasdaqGS:CG), Daicel Corporation (TSE:4202), Bain Capital, LP KKR & Co. L.P. (NYSE:KKR) and Key Safety Systems, Inc. are the potential buyers for Takata. Carlyle Group is working with Key Safety Systems Inc. and Daicel Corp. is jointly bidding with Bain Capital. Bidders for Takata have been asked to submit their proposals by early this week, and Takata aims to shortlist two to three candidates by October. Some of the bidders are considering the possibility of some form of bankruptcy proceedings for Takata to mitigate the liabilities.

Key Safety Systems Opens New Office in Jundiai, Brazil

Key Safety Systems, Inc. has announced the opening of its new office in Jundiai, Brazil. The office is centrally located in the region and is staffed by engineering, operations, quality and sales personnel. It was necessary to relocate and expand the office to enhance customer coordination, strengthen KSS' local identity and build upon centralized team work to manage the momentum and growth.

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