Toyoda Gosei acquires assets of German rubber supplier Meteor
ERJ staff report (TP)
Nagoya, Japan – Toyoda Gosei Meteor GmbH (TG Meteor), a German subsidiary of Toyoda Gosei Co., Ltd. has acquired all assets of Meteor Gummiwerke KH Bädje GmbH & Co. KG (Meteor), a German automotive rubber products manufacturer.
The assets of Meteor, including proprietary technologies, expertise, and underlying human and other resources, will “help Toyoda Gosei to establish a firmer foothold in Europe and expand business with Daimler, BMW, Audi, and other European automakers there”. TG Meteor is scheduled to be consolidated into the Toyoda Gosei Group from the fiscal year ending 31 March 2015.
Toyoda Gosei was established in 1949 and is headquartered in Kiyosu, Aichi Prefecture, Japan. It is a manufacturer of rubber and plastics polymers and optical semiconductors, and has a network of 94 plants and offices in 18 countries and regions.
On 24 February, ERJ’s sister publication Rubber News reported that Toyoda Gosei was expected to acquire the assets of Meteor in a deal.
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Press release from Toyoda