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Cross Sells Carcarpet Manufacturer Durmont to AGM Automotive

Published: April 14, 2015; 19:00 · (Vindobona)

Cross Industrial Investments agreed on a strategic partnership with AGM Automotive LLC in the sector of carcarpet production. AGM acquired a majority stake of Durmont Teppichbodenfabrik GmbH.

Cross Sells Carcarpet Manufacturer Durmont to AGM Automotive / Picture: © Pierer Industrie AG

Cross Industries AG and AGM Automotive LLC, Troy Michigan, USA, a global player in the supply of interior trim, lightning and electronic components for the automotive industry, have signed a purchase contract and AGM has completed the acquisition of a majority stake in Durmont on April 10th, 2015.

Cross Industries AG will retain a stake in Durmont and remain a long-term…

This article includes a total of 263 words.

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