SaarGummi sold to holding fund

By Liz White, ERJ staff

Saarbrücken, Germany-RAG Saarberg AG has signed to sell its wholly owned SaarGummi GmbH unit to a private equity group advised by Munich-based Orlando Management GmbH. Details of the purchase price were not revealed. The sale of the Büschfeld, Germany-based rubber profiles producer is expected to be completed by 31 Aug 2004.

SaarGummi-which makes elastomer-based profiles and moulded rubber components for the automotive and other sectors-had turnover for 2003 of Euro 289 million and employs nearly 4000, at plants in Europe,…

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