Singer Buys German Sewing Machine Maker Pfaff - Synergies to Yield Significant Cost Reduction.
Business Wire › November 06, 1997
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Singer Buys German Sewing Machine Maker Pfaff - Synergies to Yield Significant Cost Reduction.
NEW YORK--(BUSINESS WIRE)--November 6, 1997--The Singer Company (SEW: NYSE) today announced an agreement to acquire G.M. Pfaff AG, the German sewing machine manufacturer, in a move that will provide it with the opportunity to significantly lower its costs and become more competitive in the worldwide consumer and industrial sewing machine markets.
Singer will acquire an 80.5 percent interest in Pfaff from Semi-Tech (Global) ...See the full content of this document
