Ruia Group buys yet another auto profiles company

ERJ staff report (DS)

Charleval, France -- India's Ruia Group has bought yet another auto profiles company - France-based Sealynx group. A Sealynx spokeswoman confirmed to ERJ that the company -- which has been in the hands of administrators Financial Dynamics, since it faced finiancial troubles over the crisis -- was sold last Monday 16 May, to Ruia Group. The company has been renamed as Ruia Sealynx SAS.

Sealynx was part of the BTR Group from 1990, but was bought out in by managers in 2007 when the CVC Partners broke up the group. It has production in Morocco, Tunisia and Romania, as well as joint venture in Russia.

Sealynx makes automotive profiles in rubber and TPE for all the top names in the Automotive segment. It has a total of 24 extrusion lines to make sealing profiles in different sizes, material and shapes. The global capacity is about 700 000 m/day. Curing is carried out using salt bath technology, but the profiles are thoroughly cleaned after immersion, says the company.

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Home page of Sealynx Group

Ruia Group Acquires French Auto Sealing Firm - SEALYNX Automotive

Deal Curry (India)