AGM Automotive, a portfolio company of Trive Capital, has acquired Durmont Teppichbodenfabrik from CROSS Industries. Founded in 1973, Durmont is a carpet supplier for the European automotive industry. The acquisition will establish a European manufacturing facility for AGM to complement its existing operations in Asia and the Americas. Trive has backed AGM since January 2014. CROSS will maintain a minority ownership in Durmont.