Germany: ContiTech expands through acquisitions

ContiTech has signed an agreement covering the purchase of the moulded brake component operations from Freudenberg Sealing Technologies, Weinheim. The company has also acquired the British conveyor belt manufacturer Specialised Belting Supplies Ltd (SBS), based in Thetford, Norfolk. ContiTech Chief Executive Officer Heinz-Gerhard Wente commented: "Both of these companies are of strategic Subscribe to Automotive … Continued

• By Webmaster
• June 15, 2012