Grammer acquires 40% stake in Jiangsu Yuhua

On January 15th, German auto parts manufacturer Grammer announced that it has acquired a 40% stake in Jiangsu Yuhua, a Chinese partner and car seat manufacturer. The specific purchase price has not yet been announced, and is expected to exceed one million euros.
Grammer said the acquisition is intended to strengthen the company's investment in the Chinese market and respond quickly and flexibly to the needs of its customers. It is reported that Grammer and Yuhua have cooperated in the field of heavy truck seat manufacturing since 2013.

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