mutares acquires the business unit \u201cDecorative Design\u201d including all its sites and employees. Dr\u00e4xlmaier Group refocuses on its core business.<\/p>\n
Vilsbiburg\/Bruchsal, 02\/19\/2010 – mutares AG, Munich, acquires Dr\u00e4xlmaier Group\u2019s Decorative Design activities (DDD) with effect as of March 1st, 2010. Decorative Design develops, manufactures and distributes trim parts for the interior of passenger cars. The business unit occupies more than 1.000 employees at its German sites in Vilsbiburg and Bruchsal as well as in Codlea\/Romania. In 2009, sales were in the upper two-digit millions range. As a consequence of this divestiture Dr\u00e4xlmaier Group will further strengthen its focus on its core businesses. \u201cAfter constructive negotiations we are happy that we found mutares AG as a buyer interested in the further development and value creation of this business unit including all its sites and employees\u201d, says Hans Dick, CFO of Dr\u00e4xlmaier Group.<\/p>\n
Among DDD\u2019s customers are the leading automotive OEMs (original equipment manufacturer) of the industry\u2019s premium segment. As a specialist for high-end and authentic surface designs made of wood, carbon or aluminum DDD is an important technology partner for the design and production of luxury passenger cars. Regarding DDD\u2019s future development, [Dr. Axel Geuer](http:\/\/www.mutares.de\/unternehmen\/vorstand\/dr-axel-geuer\/de\/), founder and member of the executive board of mutares, says: \u201cThe high standards of DDD\u2019s production processes are an excellent basis to provide OEMs with innovative solutions for all applications of trim parts in automobile interiors. Our intention is to continue the operation with the existing product portfolio at all sites. Hence, we are glad about the successful signing of the contract.\u201d<\/p>\n
The Dr\u00e4xlmaier Group considers itself to be well prepared for the current economic situation with its core businesses Electrical\/Electronic and Interior. Via the divestiture of its DDD business to mutares AG, Munich, Dr\u00e4xlmaier Group strengthens its focus on its core competences. The law firm Gleiss Lutz, Munich, and the investment bank Metzler Corporate Finance, Frankfurt am Main, supported Dr\u00e4xlmaier Group in this transaction as exclusive advisors. Both firms advised on the strategic realignment of the business unit.<\/p>\n","protected":false},"excerpt":{"rendered":"
mutares acquires the business unit \u201cDecorative Design\u201d including all its sites and employees. Dr\u00e4xlmaier Group refocuses on its core business. Vilsbiburg\/Bruchsal, 02\/19\/2010 – mutares AG, Munich, acquires Dr\u00e4xlmaier Group\u2019s Decorative Design activities (DDD) with effect as of March 1st, 2010. Decorative Design develops, manufactures and distributes trim parts for the interior of passenger cars. The […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[347],"tags":[],"class_list":["post-24832","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n