#Teijin Frontier to acquire J.H. #Ziegler; addressing #EV demand
Teijin Frontier Co., Ltd., the Teijin Group’s fiber and products converting company, agreed to acquire J.H. Ziegler GmbH (Ziegler), a leading supplier of automotive interior materials in Germany, at a cost of approximately €125 million (US$146 million). Ziegler will become a wholly-owned subsidiary of Teijin Frontier. Since its establishment in 1864, Ziegler has innovated advanced technologies in the fields of non-woven seat wadding materials and sound-absorbing composite solutions. Ziegler’s technologies fulfil the most stringent requirements in terms of the appearance, haptic feedback and usability of seat surface materials. Headquartered in Achern-Oberachern, Germany, Ziegler provides advanced nonwoven lining structures, including materials with superior ventilation capabilities that help prevent wrinkling and keep luxurious appearance of genuine leather materials. The ...