Toyoda Gosei Acquires Assets of German Rubber Supplier Meteor

Toyoda Gosei Expanding Automotive Business in Europe

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(PRWEB) May 20, 2014

Toyoda Gosei Meteor GmbH (TG Meteor), a German subsidiary of Toyoda Gosei Co., Ltd. established in January 2014, has acquired all assets of Meteor Gummiwerke K.H. Bädje GmbH & Co. KG (Meteor), a German automotive rubber products manufacturer. The valuable 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 March 31, 2015.

About Toyoda Gosei
Established in 1949 and headquartered in Kiyosu, Aichi Prefecture, Japan, Toyoda Gosei is a leading manufacturer of rubber and plastics polymers and optical semiconductors. Today, the company provides a variety of automotive components and LEDs internationally, with a network of 94 plants and offices in 18 countries and regions. Through its flexible, integrated global supply system and outstanding technologies for automobile safety, comfort, and environmental protection, Toyoda Gosei aims to be a truly global supplier of choice that delivers the highest level of satisfaction to customers worldwide.

Corporate Profile of TG Meteor

Company name:        Toyoda Gosei Meteor GmbH (TG Meteor)]
Establishment:        January 17, 2013
Acquisition concluded:    April 30, 2014
Locations:

Head office and plant:     Bockenem, Lower Saxony, Germany

Worbis plant:                Leinefelde-Worbis, Thuringia, Germany

Representatives:
Chairman:                    Atsushi Sumida, Managing Officer of Toyoda Gosei Co., Ltd.

President:                    Burkhard Brühl, former CEO of Meteor Gummiwerke K.H.
Bädje GmbH & Co. KG
Owner:                     100% owned by Toyoda Gosei Co., Ltd.
Products:                     Automotive sealing products such as weatherstrips

Subsidiaries:
Meteor Sealing Systems, LLC
(located in Ohio, U.S.A., and 100% owned by TG Meteor)

LMI custom mixing, LLC
(located in Ohio, U.S.A., and 45% owned by TG Meteor)

Employees:     Approximately 1,300 (consolidated)
Sales:              Approximately €140 million (¥20 billion) for FY2014 [projected]


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