NetComposites

Connecting you to the composites industry

Advertisement

Polytec Acquires Peguform

  • Friday, 5th September 2008
  • 0 comments
  • Reading time: about 2 minutes

Polytec Holding has acquired the Peguform Group, one of the leading European Automotive Suppliers, from Cerberus Capital Management L.P.

With combined sales of €2.2bn, Polytec Group moves into the top 100 suppliers to the automotive industry.

Polytec Group, based in Hörsching/Linz (Austria), is one of the well-known European suppliers to the automotive and commercial vehicle industry. With sales of €800m Eur and a total of 6,500 employees, the company produces and assembles on 29 sites in Europe, North America and South Africa. The core products are door panels, headliners, engine parts and exterior parts for passenger cars, as well as composites parts (SMC) for commercial vehicles and passenger cars. The main customers are BMW (26%), Mercedes (12%), VW (7%).

Peguform Group, based in Bötzingen (Germany), is one of the leading European Supplier of systems and modules for the interior and exterior of passenger cars. In the business year 2007 the company achieved sales of €1.4bn with its 7,000 employees. The group’s main products are bumper systems and front-end modules as well as cockpits and door panels. The company produces and assembles on 18 sites in Europe, Brazil and Mexico and runs 3 joint ventures in Spain, Portugal and China. The core customers are: Seat (22%), Audi (20%), VW (20%), BMW (10%).

The acquisition and combination of Pegufrom Group with Polytec Group is, with its new sites in Mexico and Brazil, as well as the joint ventures in China, Portugal and Spain, an important step to a global positioning of the group.


For more information visit:


Share this article


Categories


More News


Comments (0)

Sign in or create an account to join in the discussion.

Leave your comment

Advertisement

Upcoming Events

Advertisement

Advertisement

Advertisement

Follow us
Subscribe to our email newsletter

Subscribe to receive our weekly round-up of all the industry's latest news, jobs, events and more!

We'll always keep your personal details secure and will never share them with third parties for marketing purposes. You can unsubscribe at any time. For further details on how we may use your data, please visit our Privacy Policy.