The automotive supply business take over is in Central and Eastern Europe.
HERRLIBERG, SWITZERLAND: The EMS Group, globally active in the business areas High Performance Polymers and Specialty Chemicals and with its companies combined in EMS-CHEMIE HOLDING AG, will take complete control of the EFTEC automotive supply business in Central and Eastern Europe. The purchasing price amounts to CHF 60 million ($63.7 million) and can be smoothly financed from own resources. Closing will take place as soon as the anti-trust authorities have given approval.
So far, the markets of Central and Eastern Europe have been serviced through a regional joint venture. The EMS Group will now take over the other 50 per cent share in this joint venture from Czech partner D PLAST to hold sole control of the EFTEC business in Central and Eastern Europe. With this take-over, EMS intends to further increase business in the growth markets of Central and Eastern Europe and to strengthen its leading market position as global automotive supplier.
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