Magazine article from our research archive:

Seat maker Grammer fights Polytec bid.(europe newslines)(Brief article)

Munich, Germany -- Interiors specialist Grammer is trying to discourage Austrian rival Polytec from launching a takeover bid.

In January, Polytec bought a 9.6-percent stake in Grammer, which is restructuring to cope with rising material and expansion costs.

Citing a similar customer base and complementary product portfolio, Friedrich Huemer, ceo and major stakeholder of Polytec, said: "Together with Grammer we could become a supplier for interior solutions."

Amberg, southern Germany-based Grammer has not welcomed Polytec's interest.

The head of Grammer's labour union, ...

Related newspaper, magazine, and journal articles:

See all results. Or, try our Advanced Search.

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 60 million articles! Access over 3,500 publications with a FREE trial!