ERJ staff report (DS)
Dettingen, Germany -- Automotive gasket supplier ElringKlinger AG has acquired metal housings manufacturer Thawa GmbH, based in Thale, Saxony-Anhalt, for EUR 3.0 million. The sale to ElringKlinger AG was closed on January 3, 2012. The deal is unrelated to rubber.
In acquiring the company, ElringKlinger is looking to strengthen its activities in the field of exhaust gas purification technology. Thawa operates primarily as a supplier and production partner to Hug Engineering AG, a Swiss exhaust treatment specialist acquired by ElringKlinger in May 2011.
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Press release from ElringKlinger