Webasto Group Takes Over Karmann's Convertible Roof Business in North America
August 6, 2010

The Webasto Group, an international automotive supplier of roof and heating systems, has reached an agreement with the liquidator of Wilhelm Karmann GmbH i.I., Ottmar Hermann, on a takeover of Karmann's convertible roof business in the United States and Mexico. The terms of the agreement, signed August 4, were not disclosed.

The two companies in the Webasto Group, Webasto-Edscha Cabrio USA and Webasto-Edscha Cabrio México, have taken over the U.S. business of Karmann and the manufacturing plant of Karmann Ghia de México, respectively. The North American Karmann facilities employ a total of about 150.

"This acquisition has helped us consolidate our position as the market leader for convertible roof systems," say Franz-Josef Kortüm, chairman of the management board at Webasto AG. "It has brought us an important step closer to our goal of becoming the best convertible roof supplier in the world. We now have a customer-oriented representation on all of the world's convertible roof markets and can offer our high competence wherever our customers ask for this."

"I am delighted that we have found a solution following the very constructive negotiations for both of the companies in North America and Mexico in the course of a transferred reorganization," adds liquidator Ottmar Hermann.

The convertible roof business in the United States and the manufacturing plant in Mexico will be integrated in the existing convertible roof business of the Webasto Group. This was realigned last year under the name Webasto-Edscha Cabrio following the takeover of Edscha's convertible roof business, according to a statement from the company.

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