(WTOL) - German company Grammer AG signed a contract Tuesday to acquire Toledo Molding & Die Inc, according to CNBC.
TMD is a one of the leaders in developing and producing thermoplastic components, of which Grammer AG is a global supplier.
TMD made more than $300 million last year, according to CNBC.
CNBC reports Grammer is acquiring 100% of the share capital of TMD.
