19.11.2008 - UIAG acquires a stake in Carpet & Acoustic Products GmbH Unternehmens Invest AG (UIAG) -  a subsidiary of CROSS Industries AG and listed at the prime market of the Vienna Stock Exchange - acquired 1,073,363 shares (4.81%) of  POLYTEC Holding AG. Including the previously owned 117,330 shares UAIG now holds a total of 5.33% of POLYTEC and invests €5.89m.   The CROSS Group now holds a total of 20.34% of the share capital of POLYTEC; this includes 15.01% held by CROSS Motorsport Systems AG (a wholly-owned subsidiary of CROSS Industries AG).   POLYTEC’s majority shareholder, Friedrich Huemer, appreciates the investment. The CROSS Group plans to nominate Rudolf Knünz, member of the management board and co-proprietor of CROSS Industries AG, for POLYTEC’s supervisory board.   UIAG has also acquired 76% of Carpet & Acoustic Products GmbH – and indirectly 100% of Durmont Teppichbodenfabrik GmbH/Hartberg – from CROSS Industries AG. Carpet & Acoustic Products GmbH, located in Kapfenberg/Styria, produces carpets for car and indoor furnishing. Both companies achieved a total turnover of €20 m in the previous year. UIAG invests a total of €3.27m.       Further Assistance:   CROSS Industries AG Michaela Friepess Edisonstrasse 1, A-4600 Wels Tel: +43-7242-69402 Fax: +43-7242-69402-109 Email: info@crossindustries.at