Webasto Takes over Karmann´s Convertible Roof Business
The Webasto Group, Stockdorf, Germany, an international automotive supplier of roof and heating systems, has reached an agreement with the liquidator of Wilhelm Karmann GmbH i.I., Ottmar Hermann, on a takeover of Karmann’s convertible roof business in the USA and Mexico. The relevant contracts were signed on August 4, 2010. Both parties agreed to maintain silence about the sales price. The acquisition is restricted purely to the American market: the two companies in the Webasto Group, Webasto-Edscha Cabrio USA and Webasto-Edscha Cabrio México, have taken over the USA business of Karmann and the manufacturing plant of Karmann Ghia de México, respectively. The business that has been taken over from Karmann stands for a turnover of around USD 40 million and roughly 150 employees.
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