Grammer buying Toledo Molding & Die in $271 million deal

German auto supplier Grammer buying Toledo Molding & Die in $271 million deal. Grammer will finance the purchase with "debt at attractive financing terms. TMD will help it balance out its geographic footprint, Grammer officials said in a Tuesday investor presentation. It now sees 68 percent of its sales in the Europe, the Middle East and Africa region, 18 percent in the Americas and 16 percent in Asia Pacific. After the acquisition, the Americas will account for 28 percent of sales, EMEA 59 percent and the rest from Asia Pacific.