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Polytec concludes Findlay deal

By David Reed, UT EditorHörsching, Austria -The merger of Hörsching-based Polytec Group with the European section of the US automotive component supplier Findlay Industries was formally concluded 27 Oct.The deal joins Findlay’s seven plants in four countries with Polytec’s 15 plants across Europe, including some making polyurethane-based products as well as Polytec EMC which makes multicomponent mixing and dispensing equipment.The resultant operations comprise sales turnover greater than €500 million ($615 million) with more than 3500 workers worldwide. They will supply major OEMs such as BMW AG with passenger car interior systems, such as door trims, roof lining or luggage compartment trim based on a wide range of materials including polyurethanes.”

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