Italy’s Adler Plastic has acquired full ownership of German company HP Pelzer, to create an automotive components powerhouse, Adler Pelzer, with 62 plants in 21 countries, more than 10,000 employees and a turnover in 2015 of €1.15bn.
Founded in 1969 in Witten, Germany, family-owned HP Pelzer expanded into a global organisation that at its peak was producing more than 350,000 automotive parts a day, with insulation materials accounting for 40% of its output, carpet 30%, trim parts 20%, and miscellaneous automotive and non-automotive materials the remaining 10%.
For the full story, see the May 2016 edition of MobileTex. Not a subscriber? Sign up HERE