Eissmann Group Automotive in mega-deal to acquire bankrupt Plastics Converter – 400 jobs saved in Europe

Germany’s Eissmann Group is set to take over the European plants of insolvent automotive plastics converter Minda KTSN Plastic Solutions GmbH & Co. (KTSN). 

KTSN is a well-known automotive supplier in the fields of injection molding and mechatronics technologies The Pirna company, which filed for insolvency in June 2020, also has sites in Mexico and Poland.

In recent years Eissmann extended its expertise in the field of laminated leather for high-quality interior automotive components and continued to refine its development and industrialization processes. As a system supplier and expert in mobile living spaces, Eissmann works with almost all of the major automotive manufacturers and suppliers.

“The takeover will secure over 400 jobs in Europe and retain the KTSN sites,” reported Sami Sagur, Chief Financial Officer at Eissmann Group Automotive.

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