Grammer

Grammer is in advanced negotiations to establish a 50/50 joint venture with Changchun Fawsn Group to produce automotive interior components, primarily for FAW Group vehicles.

Grammer AG signed a joint venture agreement with CHANGCHUN FAWSN GROUP CO., LTD. to establish GRAMMER FAWSN Vehicle Parts Co., Ltd. Grammer will hold 50% of the joint venture, which will develop and produce automotive interior components for FAW Group vehicles.

Grammer AG is in advanced negotiations to form a 50/50 joint venture with Changchun FAWSN Group Co., Ltd. in Changchun, China, to produce automotive interior components for vehicles made by the FAW Group.

Ningbo Jifeng Auto Parts Co. increased its share in German interiors and seating supplier Grammer AG from 25% to 74% through a tender offer at €60 per share. The deal is expected to close in autumn 2018.

Chinese automotive supplier Ningbo Jinfeng Auto Parts plans to acquire German competitor Grammer AG, with management support and a job guarantee for 7.5 years; Ningbo Jinfeng already holds 25% of Grammer shares.

Grammer AG agreed to a buyout offer by affiliates of Chinese partner Ningbo Jifeng Auto Parts Co. valuing the German vehicle seat maker at about EUR 770 million ($889 million). The supervisory board endorsed the EUR 60 per share offer plus a EUR 1.25 dividend.

Germany's Grammer is buying Toledo Molding & Die in a $271 million deal.