GRAMMER AG sells TMD Group in North America

EQS-Ad-hoc: GRAMMER Aktiengesellschaft / Key word(s): Disposal GRAMMER AG sells TMD Group in North America 20-Sep-2024 / 20:14 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Publication of inside information pursuant to Article 17 of Regulation (EU) No. 596/2014

GRAMMER AG (WKN 589540, ISIN DE0005895403)

GRAMMER AG sells TMD Group in North America

Ursensollen, September 20, 2024 – GRAMMER AG today signed an agreement to sell the Toledo Molding & Die Group (TMD Group), headquartered in Toledo, Ohio, USA. The buyer is APC Parent LLC, based in the US. The TMD Group has plants in the USA and Mexico. It primarily develops and produces thermoplastic components for the automotive industry and the sold TMD business generated revenues of USD 213 million in the financial year 2023. The sale includes certain entities in the Group with exclusions, including the former plant in Delphos, Ohio, USA, which has been meanwhile transformed into an assembly plant for GRAMMER’s North American Commercial Vehicles business. From today’s perspective, the transaction will result in a negative deconsolidation effect, which is expected to be between EUR -10 million and EUR -16 million.

The Executive Board
GRAMMER AG

 

Contact:
GRAMMER Aktiengesellschaft
Tanja Bücherl
Phone: [phone]
[e-mail]

End of Inside Information

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20-Sep-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	GRAMMER Aktiengesellschaft
	Grammer-Allee 2
	92289 Ursensollen
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.grammer.com
ISIN:	DE0005895403, DE0005895403
WKN:	589540, 589540
Listed:	Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
EQS News ID:	1992741

End of Announcement	EQS News Service

1992741  20-Sep-2024 CET/CEST