M&A Deal Summary

Polytec Holding Acquires Lear Corp s Injection Molded Plastics

On January 1, 2001, Polytec Holding acquired plastics company Lear Corp s Injection Molded Plastics from Lear

Acquisition Highlights
  • This is Polytec Holding’s 1st transaction in the Plastics sector.
  • This is Polytec Holding’s 1st transaction in Sweden.

M&A Deal Summary

Date 2001-01-01
Target Lear Corp s Injection Molded Plastics
Sector Plastics
Buyer(s) Polytec Holding
Sellers(s) Lear
Deal Type Divestiture

Target

Lear Corp s Injection Molded Plastics

Sweden
Lear Corp's Injection Molded Plastics division provides plastic molding services in Sweden / Italy.

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Buyer(S) 1

Buyer

Polytec Holding

Horsching, Austria

Category Company
Founded 1986
Sector Plastics
Employees3,906
Revenue 636M EUR (2023)
DESCRIPTION

Polytec Holding is European suppliers of plastic parts for the automotive industry. Polytec Holding was incorporated in 1986 and is based in Horsching, Austria.


DEAL STATS #
Overall 1 of 5
Sector (Plastics) 1 of 3
Type (Divestiture) 1 of 3
Country (Sweden) 1 of 1
Year (2001) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-01 Findlay Industries

Horsching, Austria

Findlay Industries Europe is a European market leader in the manufacture of automotive door interior systems and components.

Buy -

Seller(S) 1

SELLER

Lear

Southfield, Michigan, United States

Category Company
Founded 1917
Sector Automotive
Employees186,600
Revenue 23.5B USD (2023)
DESCRIPTION
Lear Corp's corporate headquarters in Southfield, Michigan.
Lear Corp's corporate headquarters in Southfield, Michigan.

Lear is a Tier 1 supplier to the global automotive industry. The Company's business spans all major automotive markets, and Lear supplies its products to every major automotive manufacturer in the world. Lear organizes its business in two global product segments including seating and electrical power management systems. The seating segment includes seat systems and related components, such as seat structures and mechanisms, seat covers, headrests and seat foam. The electrical segment includes electrical distribution systems that route electrical signals and manage electrical power within a vehicle for both traditional powertrain vehicles, as well as for hybrid and electric vehicles. Lear was formed in 1917 and is based in Southfield, Michigan.


DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Divestiture) 1 of 1
Country (Sweden) 1 of 1
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-04 UT Automotive

Dearborn, Michigan, United States

UT Automotive is a supplier of motor, interior, electronic and electrical products to the automotive industry.

Buy $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-06 GHW Grote & Hartmann

Wuppertal, Germany

Grote & Hartmann manufactures terminals and connectors, junction boxes and machinery to produce wire harnesses, primarily for the automotive industry.

Buy $220M