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Grammer AG acquiring metal and plastics specialist Reum

DGAP-News: Grammer AG / Key word(s): Acquisition
Grammer AG acquiring metal and plastics specialist Reum

22.10.2015 / 18:53

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Grammer AG acquiring metal and plastics specialist Reum

-Extension of process and manufacturing technology and product range
expansion
-Excellent strategic fit for Grammer's growth strategy
-Financing via Grammer AG's existing credit facilities

Amberg, October 22, 2015 - Grammer AG, a global supplier of automotive
interior components and a leading producer of seating systems for
commercial vehicles, is acquiring Reum Group, a leading specialist in
surface, plastics and metal technology. In this way, the Grammer Group will
be systematically continuing its strategy of acquiring technology companies
for a targeted broadening and enhancing of its own product range. Reum is
specialized in developing and manufacturing high-quality, design-oriented
metal and plastic combinations, interior components and surface refinements
for the automotive industry. REUM Group has around 950 employees and
generated sales of around EUR 130 million in 2014 and will support the
ambitious profitability targets of Grammer Group.

Perfect strategic fit
With this acquisition, Grammer is extending its own technological
capabilities in plastic injection molding processes, surface finishing,
metalworking and system joining technology. These process and production
technologies will allow the group to additionally develop its product range
- particularly in automotive interiors - swiftly and in line with future
requirements.

At the same time, it will be acquiring Reum's existing product range and
customer base. As a long-standing development partner with production
facilities in Germany and Poland, Reum supplies premium automotive OEMs and
the large system suppliers in Germany in particular. Its product range for
the automotive industry includes high-quality surface refinements, panels,
air vents and grilles for center consoles and instrument panels, interior
components and metal or plastic loudspeaker grilles.

Consequently, Grammer will be able to enhance the scope of delivery and the
existing product portfolio of its center console deliveries particularly
thanks to the strong capabilities which Reum possesses in surface
technology and tool making.

Moreover, Grammer's superb global presence and long-standing expertise as a
leading supplier in the interior segment offer a strong basis for
additional potential for international growth in particular in Asia and in