Managers at German auto supplier get option for stakes in Chinese parent firm

By Rhoda Miel
News Editor

Published: September 19, 2013 2:44 pm ET
Updated: September 19, 2013 2:46 pm ET

Related to this story

Topics Mergers & Acquisitions Automotive
Companies & Associations

Joyson Investment Holding Co. Ltd. is offering the German management of its Preh GmbH auto electronics group the opportunity to buy up to 2 percent of the parent company’s shares.

Joyson, based in Ningbo, China, bought a controlling stake in Preh of Bad Neustadt, Germany, in 2011 and made it part of its Joyson Electronics business. Preh became a wholly-owned subsidiary of Preh in late 2012.

The offer to Preh’s management team and 24 second-level managers is intended to show “clear commitment to the German management team,” Joyson said in a Sept. 18 press release.

“When we acquired Preh two years ago, we aimed for the highest level of continuity for customers and employees,” Joyson founder Jeff Wang said.

Preh management’s continued focus in the business has allowed it to build on its existing platform with customers while growing with new access from Joyson.

The Preh group has 3,300 employees in Germany, Portugal, Romania, Mexico, the United States and China. Joyson has both auto supply operations — based in Shanghai — and a real estate division.


Comments

Managers at German auto supplier get option for stakes in Chinese parent firm

By Rhoda Miel
News Editor

Published: September 19, 2013 2:44 pm ET
Updated: September 19, 2013 2:46 pm ET

Post Your Comments


Back to story


More stories

Image

Eriks NV buys two US polymer companies

April 24, 2015 10:38 am ET

Dutch company Eriks NV is expanding its reach in the North American plastics sector with two acquisitions: Dallas-based Seals and Packings Inc. and...    More

Image

Danish packaging firm Faerch buys UK's Anson as part of growth strategy

April 24, 2015 9:37 am ET

Denmark-based packaging company Faerch Plast A/S has acquired Ely, United Kingdom-based Anson Packaging Ltd., a move the company says “should...    More

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is the...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events