Grammer AG Acquiring US Component Supplier and Process Specialist Toledo Molding & Die

May 28 2018

Grammer AG has signed a contract to acquire Toledo Molding & Die Inc. (TMD), based in Toledo, Ohio, United States. The TMD Group is one of the leading specialists in the development and production of innovative thermoplastic components in the North American automotive market.

Grammer is acquiring 100% of the share capital of Toledo Molding & Die Inc. Grammer AG will be funding the acquisition fully with debt at attractive financing terms. The acquisition is still subject to antitrust clearance and other standard closing conditions. It is expected to close the transaction in the third quarter 2018.

With the acquisition of TMD, Grammer can further expand its position in North America and increase the revenue contribution generated in the world’s second largest automotive market. TMD has well established distribution structures and development partnerships with the three major US passenger car OEMs as well as Asian OEMs based in the US. This will allow Grammer to additionally diversify its customer base.

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http://www.lucintel.com/carbon_fiber_in_automotive_composites_2016.aspx

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