Teijin Frontier Co Ltd has agreed to acquire J H Ziegler GmbH (Ziegler), a leading supplier of automotive interior materials in Germany, for approximately €125 million.
Ziegler will become a wholly-owned subsidiary of Teijin Frontier, the Teijin Group's fibre and products converting company.
The acquisition of Ziegler will be made by means of cash and newly-raised funding and is scheduled to be completed in August 2018.
Since its establishment in 1864, Ziegler has innovated advanced technologies in the fields of nonwoven seat wadding materials and sound-absorbing composite solutions. Ziegler’s technologies fulfil the most stringent requirements in terms of the appearance, haptic feedback and usability of seat surface materials.
Headquartered in Achern-Oberachern, Germany, Ziegler provides advanced nonwoven lining structures, including materials with superior ventilation capabilities that help prevent wrinkling and keep luxurious appearance of genuine leather materials. The company also produces market-leading top-quality sound-absorbing materials and nonwovens for home interior and heat insulation use. The company operates five facilities globally, including three in Germany and one each in Hungary and China, and employs approximately 400 staff.
Teijin Frontier Co Ltd has agreed to acquire J H Ziegler GmbH (Ziegler), a leading supplier of automotive interior materials in Germany, for approximately €125 million.
Ziegler will become a wholly-owned subsidiary of Teijin Frontier, the Teijin Group's fibre and products converting company.
The acquisition of Ziegler will be made by means of cash and newly-raised funding and is scheduled to be completed in August 2018.
Since its establishment in 1864, Ziegler has innovated advanced technologies in the fields of nonwoven seat wadding materials and sound-absorbing composite solutions. Ziegler’s technologies fulfil the most stringent requirements in terms of the appearance, haptic feedback and usability of seat surface materials.
Headquartered in Achern-Oberachern, Germany, Ziegler provides advanced nonwoven lining structures, including materials with superior ventilation capabilities that help prevent wrinkling and keep luxurious appearance of genuine leather materials. The company also produces market-leading top-quality sound-absorbing materials and nonwovens for home interior and heat insulation use. The company operates five facilities globally, including three in Germany and one each in Hungary and China, and employs approximately 400 staff.
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