Ruia Group acquires German sealing systems firm

December 14th, 2009 - 5:47 pm ICT by IANS  

Kolkata, Dec 14 (IANS) The Kolkata-based Ruia Group Monday said it has acquired Germany’s leading automotive sealing systems company, Henniges Automotive Grefarth GmbH.
The fresh acquisition will help the group to globally consolidate its sealing systems business, Ruia Group chairman Pawan Kumar Ruia told reporters.

This is the group’s second overseas acquisition in the automotive sealing systems business and its first of a German company.

The group entered the rubber sealing sector by acquiring British auto component maker Schlegel Automotive Europe Limited last year.

With the latest acquisition, the Ruia Group has global customers like Toyota, Daimler, BMW, Audi, Nissan, Honda and several other auto majors as client.

Related Stories

Tags: , , , , , , , , , , , , , , , , ,

Posted in Business |

Subscribe