Polytec Holding AG

euro adhoc: Polytec Holding AG
Mergers - Acquisitions - Takeovers
POLYTEC GROUP Start of negotiations about the acquisition of the business of ISE INTEX

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Hörsching, March 28, 2007: POLYTEC HOLDING AG, today has started negotiations about the acquisition of the business and the assets of ISE INTEX Gmbh (Germany), now under receivership after it has filed for bankruptcy late in 2006.

The ISE INTEX business would be an excellent opportunity to expand the existing product range of the POLYTEC GROUP mainly for interior applications.

ISE INTEX had sales of approx. EUR 100 million in 2006. The core product of the company are textile injection-moulded pillars for the automotive interior. Main customers are Mercedes Benz Car Group, VW-Group and BMW.

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ots Originaltext: Polytec Holding AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
POLYTEC GROUP                
Investor Relations

Branche: Industrial Components
ISIN:      AT0000A00XX9
WKN:        A0CA1R
Index:    ATX Prime
Börsen:  Wiener Börse AG / official market

Weitere Meldungen: Polytec Holding AG

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