09/25/2012

www.gupta-verlag.de/rubber

Dätwyler on growth course in Asia

The vendors are the publicly listed Anhui Zhongding Group and seven individual co-owners. Financial details were not disclosed. The transaction is expected to close in October 2012. Together the Asian companies generated revenue of about USD 78 million (~ EUR 60 million) in 2011, with 20 % growth to USD 95 million (~ EUR 72.8 million) expected for 2012. Their four facilities employ close on 2,000 people, about three quarters of them in China. Like Dätwyler's Sealing Technologies Division, all the businesses develop and manufacture rubber seals and gaskets for automotive applications. While Dätwyler has a strong footprint in Europe and the USA, the Asian companies will add a leading position in Asia. Zhongding and Hankook will continue to offer their range of products and services under their established trade names, and their present management teams will also remain in place.

www.gupta-verlag.de/rubber