China's Joyson Buys Air-Bag Maker Key Safety for $920 Million

  • Joyson paying cash in transaction expected during first half
  • Private-equity firms FountainVest, Crestview own Key Safety

Ningbo Joyson Electronic Corp., a Chinese supplier to several of the world’s largest automakers, will buy U.S. air-bag maker Key Safety Systems for $920 million.

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