ERJ staff report (DS)
Weinheim, Germany - Contitech has signed an agreement covering the purchase of the mouded brake component operations from Freudenberg Sealing Technologies, of Weinheim.
The effective transfer of the moulded brake components business from Freudenberg Sealing Technologies to ContiTech is still subject to approval by the antitrust authorities. With a workforce of some 500, Freudenberg develops and produces moulded brake components in Andrezieux, France; Queretaro, Mexico; and Oberwihl, Germany.
ContiTech is also setting up a greenfield plant for oil handling hoses in Brazil . â€œAt roughly â‚¬17 million, it is our biggest single investment this yearâ€, said ContiTech CEO Heinz-Gerhard Wente in Hanover.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Press release from ContiTech