POLYTEC GROUP to acquire automotive business of Wayand AG

POLYTEC GROUP has signed an agreement to take over the automotive business of insolvent Wayand AG, headquartered in Idar-Oberstein, Germany. The business has around 400 employees and produces plastic parts for premium carmakers. Closing is expected in early September 2019, subject to antitrust approval.

“The POLYTEC GROUP today concluded a company purchase agreement for the takeover of the automotive business of the insolvent Wayand Group.”polytec-group.com

• 1 source
• polytec-group.comThe POLYTEC GROUP has concluded an agreement for the takeover of the automotive business of Wayand AGAug 13, 2019

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