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Polytec: No Grammer bid now.(Suppliers)(Brief article)

Byline: Klaus-Dieter Florecke Automobilwoche

Friedrich Huemer, CEO and major shareholder of the Austrian auto supplier Polytec, is playing down reports that he is preparing a takeover bid for Grammer.

Polytec, a supplier of interior, exterior and under hood components as well as car and commercial vehicle accessories, has acquired a 9.6 percent stake in Grammer, also an interiors supplier based, which is based in Amberg, southern Germany.

"But it's now impossible to say whether this will be significantly increased or whether it will become a majority stake or a complete takeover," Huemer told Automotive News Europe sister publication Automobilwoche.

An ...

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