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News
29.12.2010
POLYTEC HOLDING AG SELLS POLYTEC COMPOSITES ITALIA TO INDUSTRIE METALLVAKUUM RANGER S.P.A.

IMR produces composites, injection moulded parts and furthermore it builds also SMC- and injection moulding tools mainly oriented to the Italian automotive market. Due to its strong local footprint, IMR will have the ability to gain synergies by consolidating the SMC production for the local market at one site.

For POLYTEC GROUP, the strong boundary of the Italian market, the companies low synergy potential within the group as well as its weak long term perspective due to changes in technology at key products were crucial for the decision of the management, to sell the company for an attractive valuation due to the local relevance of PCI to IMR. The transaction has the total acceptance of the main customer of PCI (Fiat/Iveco).

In line with this transaction the parties agree to maintain certain cooperation concerning the supply of raw material and moulds

 

Earnings situation of POLYTEC COMPOSITES Italia

 

In EUR Mio.

2009

2010E

Sales

17,2

32,5

EBIT

-1,7

0,4

 

In line with this transaction the parties agree to maintain certain cooperation concerning the supply of raw material and moulds

 
 
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