Acquisitive Polish industrial group Boryszew continues to grow its automotive components business, staking a claim to the production assets of another insolvent German parts supplier, Ymos.
Boryszew has made a binding offer to purchase the German and Polish plants of Idar-Oberstein-based Ymos. It is a leading manufacturer of plastic, galvanised and chrome-plated car door system components for handles, hinge and locking systems.
Ymos also makes other metal and plastic auto parts. Its main customers include VW, Audi, Daimler, Bentley and Rolls Royce. The firm recorded 2010 revenues of around 80m but went into bankruptcy in August 2011.
Boryszew is one of three bidders for the Ymos assets which it believes will contribute to its continued rise to become a significant global auto components manufacturer, the Polish group said in a statement.
Earlier this year, Boryszew scooped up Theysohn Kunststoff, a key German parts supplier to VW, and its mould making partner from Austrian precision component group HTI High Tech Industries.
In August, the Sochaczew-based group agreed to pay 6.7m to purchase assets of insolvent German plastics auto parts moulder Altmrker Kunststoff-Technik (AKT), including a Czech plant.
In 2010, Boryszew had bought the insolvent Italian automotive tubing producer Maflow International Group.
Boryszew is considering constructing two automotive part production plants in Russia via two of the businesses it recently acquired, Maflow and AKT. In the first nine months of this year, the Polish group posted a net profit of 24.5m, up from 13.8m for the period in 2010, on sales of 710m, a 41% gain over last year.
没有评论:
发表评论