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Markets :: Specialty Chemicals :: Adhesives and sealants

Ems takes control of Eftec automotive supply business

3:56 PM MST | March 6, 2013 | Francinia Protti-Alvarez

Ems Group (Herrliberg, Switzerland) has completed the takeover of the automotive supply business in Central and Eastern Europe (CEE) of Eftec (Zlin, Czech Republic), a 50-50 joint venture with D Plast (LuÅūkovice, Czech Republic), Ems announced today. Ems, following the deal, holds full control of the business, which has until now serviced the CEE region. The deal is valued at 60 million Swiss Francs ($63.7 million), and its closing remains subject to approval from antitrust authorities. Eftec develops, produces, and markets materials, and application...

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