A representative out-of-the-spotlight business is Adient (NYSE:ADNT), a global manufacturer of automotive seating and interiors that was spun-off from Johnson Controls in October 2016. Headquartered in Dublin, Ireland, the company is the industry’s leading seating supplier delivering 25 million seating systems per year to 40 different original equipment manufacturers. Adient is an attractive new addition to our Portfolio given its seasoned management team, dominant market share and low valuation.
From Chris Davis (Trades, Portfolio)' Davis Opportunity Fund 2017 semi-annual report.
