SWEDISH firm Trelleborg is divesting its automotive operation to allow it to focus and develop its automotive-related operations.
Based in France, the operation produces high technology rubber, plastic and foam components and systems for the light vehicles industry.
It was acquired by Germany-based Bavaria Industriekapital, said to be a highly technical centre with a strong European customer base. The divested operation had a yearly revenue of US$81.2 million and employed around 570 workers.(PRA)
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