mutares divests HIB Trim Part Solutions Group

mutares AG, Munich, has signed an agreement with NBHX Trim Gmbh, Heilsbronn, about the sale of HIB-Trim Part Solutions group on April 24, 2013. HIB-Trim Part Solutions is a leading supplier of interior components for passenger cars located in Bruchsal and Altdorf, Germany, as well as in Codlea, Romania.

The company is an important technology partner for the development and manufacturing of interior components for luxury vehicles. HIB’s customer base consists of leading OEMs from the premium segment of the automotive industry.

mutares AG acquired HIB Trim Part Solutions in February 2010 from the Dräxlmaier group and successfully repositioned the company. During the past years HIB received several new orders from major OEMs; with approximately 1’350 employees the group reached sales of € 80 million in 2012.

The sale to NBHX will open up new business opportunities for HIB-Trim Part Solutions. NBHX views the acquisition of HIB-Trim Part Solutions as an attractive complementary add-on to its existing business. The transaction will be retroactively effective as of January 1, 2013 and is still subject to the approval of antitrust authorities.