37 YEARS OF POLYTEC HISTORY

The first order for POLYTEC involves the production of moulded polyurethane components (e.g. finishers for snow groomers).

The purchase of f/o/r Kuststofftechnik results in POLYTEC’s entry into the automotive sub-supply industry. Friedrich Huemer hands over the management of POLYTEC INDUSTRIAL to his wife Ulrike.

The Swiss private equity fund Capvis takes a majority interest in POLYTEC with a 67% participation. Friedrich Huemer retains the remaining shares and the company’s real estate.

The takeover of today’s POLYTEC PLASTICS’ locations in Idstein and Lohne results in expansion in the engine compartment product portfolio.

The acquisition of seven plants in a single transaction constitutes the largest step in company history to date. For POLYTEC this means significant expansion in interior area business. 

In the spring of 2006, POLYTEC is admitted to the Vienna Stock Exchange. At the same time, Capvis sells its entire stock to free float shareholders and Friedrich Huemer again becomes the largest core shareholder. 

The IPO is also followed by significant company expansion. The takeover of four locations belonging to Menzolit-Frebron, the dominant competitor, leads to a substantial increase in fibre composite competence.  

As a result of the global economic crisis, the four Peguform locations purchased in the previous year have to be resold. This results in the loss of the EUR 50 million in liquid funding used for the acquisition.   

Following the setback of the Peguform takeover and resale, POLYTEC rebuilds an independent financial structure through the sale of its INTERIOR business. The financial preconditions for new potential acquisitions are thus restored.  

POLYTEC is able to expand for the first time since the financial crisis with the takeover of two locations in the Netherlands from voestalpine Plastic Solutions.

Up to this point, POLYTEC had grown solely through acquisitions or the enlargement of existing locations. However, in 2016 the company moved into new territory with the building of a plant in Tinajin, China and hence the expansion of its global presence.  

In mid-May 2018, POLYTEC opened a new and highly modern paint shop in Telford, UK.

Friedrich Huemer hands over the management of the POLYTEC GROUP to his son Markus.

The takeover of the automotive division of the German Wayand AG greatly strengthens the market position of POLYTEC CAR STYLING and extends the customer base.

Sale of the start-up and niche business POLYTEC Industrial 

With the expansion of its production footprint on the African continent, the POLYTEC GROUP is underpinning its strategic approach of following selected customers in attractive growth regions.

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