Category: Industry News

Datwyler sells subsidiary Reichelt

Datwyler has agreed to sell its subsidiary Reichelt and its affiliated businesses to Invision. Reichelt made CHF 188.8 million in 2020 in online distribution of electronic components. The contract is expected to be completed in the autumn of 2021, assuming…

EnPro divests polymer components segment to private equity firm

EnPro Industries, a US-based industrial technology company, has sold its polymer components business to Edgewater Capital Partners, a private investment firm focused on performance materials, based in Cleveland, Ohio. Financial terms were not disclosed. The polymer components business is headquartered in…

Hankook Tire launches footwear made of recycled tyres

South Korean tyre company Hankook Tire has collaborated with shoes brand YASE to launch eco-friendly shoes made of recycled tyres. YASE is a leather shoes brand headquartered in Korea launched in 2013. Hankook Tire and YASE embarked on ‘ZERO – LEAVE…