| RECARO Holding GmbH | |
| Type: | GmbH |
| Location: | Stuttgart, Germany |
| Key People: | Shareholder & CEO: Martin Putsch Managing Director: Hartmut Schürg |
| Revenue: | >600 Million Euro (2018) |
| Num Employees: | >2700 (2018) |
| Homepage: | https://recaro.com |
Recaro Holding, as the parent company of the Recaro Group, owns the Recaro brand and the independently operating companies Recaro Aircraft Seating (aircraft seats) based in Schwäbisch Hall and Recaro eGaming (gaming seats) based in Stuttgart, Germany. The business areas Recaro Automotive Seating and Recaro Kids are operated by licensees.
The company was founded on 1 October 1906 by Wilhelm Reutter as Stuttgarter Carosserie und Radfabrik.[1] [2] [3] In 1909, Wilhelm's brother Albert Reutter joined the company as a partner and commercial manager. There was a change of name to "Stuttgarter Karosseriewerk Reutter & Co.", owner W. & A. Reutter.[4] On 24 July 1909, the patent for a "folding roof with canopy, especially for motor vehicles" was filed.[5] This so-called "reform body" was a constructive forerunner of the convertible. The result was bodies including interior fittings for almost all well-known manufacturers of the time, in particular Daimler-Benz (and predecessor) as well as the Chemnitzer Wanderer-Werke. In 1919, the gradual conversion from individual production to mass production took place. During the 1920s, the company became known for building limousine bodies.[1] 1930, Reutter entered into a partnership with the Porsche design office. From 1931, Reutter manufactured the first bodies for Porsche types 7, 8, 9, 12 and 32. In 1936, after the capacity limit of the main plant in Augustenstraße had been reached, a second plant was built in Zuffenhausen. A year later in 1937, Reutter received the order to produce the Volkswagen prototype pre-series VW 303. A couple years later in 1939, the company had around 900 employees. In 1944, the main factory in Augustenstraße was severely damaged in an air raid. The workforce shrunk to 94 people. In 1949, Porsche began engaging the company to build their Porsche 356 sports car bodies.[6] [7] [8]
In 1953, the company registered a patent for "a hinge fitting for upholstered seats with adjustable backrest", the Reutter reclining seat fitting. Following ompletion of the 5,000th body for the Porsche 356 in 1954, the "Stuttgarter Karosseriewerk Reutter & Co. GmbH" celebrated its 50th anniversary in 1956. That same year the 10,000th Porsche body left the factory, which by then employed 900 people.
In 1963, Porsche acquired the car body factory. What remained was renamed to Recaro (REutter-CAROsserie), and focus was shifted to high-end seats. The company began producing both OEM seats for Porsche, and a separate line of after-market seats. In 1965, Recaro presented the first Recaro sports seat at the Frankfurt Motor Show. In 1967, Recaro started the construction of a production facility in Schwäbisch Hall.[9] Economic problems led the Reutter family to sell the business in 1969 to three companies, Keiper, Huber & Wagner, and Metzeler. In 1971, Recaro produced the first aircraft seats under the name Recaro Aircomfort under license of the American manufacturer Hardman Aerospace. Shortly afterwards, Recaro launched its first aircraft seat, the so-called Recaro 2020, and sold it to Lufthansa, among others. In 1974, the first motorsport seat was based on the Recaro professional full shell seat.[10] In 1983, Keiper purchased all shares in Recaro and established Keiper Recaro in Kirchheim.
After restructuring in 1997, Recaro became an independent company again.[11] This resulted in four legally and economically independent companies, including Recaro Aircraft Seating GmbH & Co. KG. A year later, in 1998, Recaro introduced the first ever-growing child seat. In 2004, Recaro bought the traditional company "Storchenmühle", which concentrates on the production of child seats. In 2006, the company celebrated its 100th anniversary. In June 2011, Recaro sold the automotive seating division to Johnson Controls, a U.S.-based automotive supplier. The acquisition granted Johnson Controls to be a licensee of the RECARO brand in the automotive industry, as well as the exclusive, unlimited right to market Recaro seats for cars and commercial vehicles. All other brand companies now belong to RECARO Group Stuttgart, which is the brand owner and licensor of RECARO Automotive Seating.[12] [13]
In 2013, after restructuring, Recaro Holding relocated its registered office back to Stuttgart, Germany.[14] After it spun off from Johnson Controls in 2016, Recaro Automotive Seating is now owned by automotive supplier Adient. The Recaro Group continues to act as licensor. In 2018, Recaro Child Safety ceased business operations (including Storchenmühle),[15] and Recaro Holding entered into a global licensing agreement with Artsana Group, which, following the cessation of Recaro Child Safety's operations (including Storchenmühle), will continue to develop, manufacture, and distribute premium child seats and strollers under the Recaro Kids brand name.[16] Also in 2018, Recaro established a division called Recaro eGaming, which markets gaming chairs. In 2019, Recaro Gaming Seats became available for purchase.
In July 2024, news reports surfaced that Recaro Automotive had filed for bankruptcy and was subsequently approved for self-administration by a German court.[17] The bankruptcy doesn't affect the aircraft, train and gaming chair divisions.
The Recaro Group comprises the divisions Recaro Aircraft Seating, Recaro eGaming and Recaro Holding itself.[18]
Recaro Holding acts as the holding company of the Recaro Group and comprises the areas of strategy, finance, human resources and law as well as design, brand, communication and innovation management. The headquarter of Recaro Holding has been located in Stuttgart since May 2013.[19]
Recaro Aircraft Seating is a developer and manufacturer of aircraft seats.[20] The Aircraft seat production began in 1971 under license under the name Recaro Aircomfort, initially in Stuttgart. From 1983 the entire production takes place in Schwäbisch Hall. Recaro Aircraft Seating GmbH & Co. KG also has production plants in Poland, South Africa, the USA and China in addition to its headquarter in Schwäbisch Hall.
In 2004, Recaro Aircraft Seating took over the majority of AAT Composites in South Africa - a company that manufactures products for the aviation industry from fibre composites.[21]
Since the beginning of 2018, Recaro Gaming GmbH & Co. KG, based in Stuttgart, has been part of the Recaro Group.[22] The company presented the first gaming seat prototype at Gamescom 2018 in Cologne.[23]
The Recaro Automotive Seating division, a manufacturer of car seats, was sold to US automotive supplier Johnson Controls in 2011. In 2016, Recaro Automotive Seating evolved to ownership under automotive supplier Adient following the spin-off from Johnson Controls. In 2020, Adient sold RECARO Automotive to a privately held entity and is headquartered in Clinton Township, MI, USA.
The Recaro Child Safety GmbH & Co. KG, headquartered in Marktleugast, which merged with the long-established Storchenmühle company in 2004, ended its business operations on 31 July 2018.[24] At the end of October 2018, Recaro Holding and Artsana Group signed a global license agreement. The agreement covers the development, production and distribution of premium children's seats and prams under the Recaro Kids brand name.[16]