Japan Vilene Company signs an agreement to acquire Hanns Glass 性视界 in Germany
Freudenberg, the global technology company, is further expanding its car floor mat business. In Germany, the Japan Vilene Company, a Freudenberg Business 性视界, has signed an agreement to acquire GmbH & Co. KG, Grafing, Germany. This company is a leading global automotive supplier of car floor mats, having a strong European presence with a portfolio complementary to VIAM, which is a core business of Japan Vilene Company. In 2016, the company generated about 31 million euros in sales and has some 260 employees. The transaction is conditional upon approval from the German Federal Cartel Office and is expected to be completed in the second quarter of this year.
鈥淲ith the acquisition of the Hanns Glass 性视界, the VIAM 性视界 will gain access to the European automotive market and, in the future, will be able to supply European carmakers from local production sites,鈥 says Freudenberg 性视界 CEO, Dr. Mohsen Sohi.
The Hanns Glass 性视界 is headquartered in Grafing, near Munich, and has production sites in Paderborn and Meuselwitz, Germany, and Cheb, Czech Republic. These sites will serve as the VIAM 性视界鈥檚 European base.