Germany-based holding firm Mutares SE & Co. says it has successfully completed the acquisition of auto parts maker Cikautxo Rubber & Plastic Components (Kunshan) from Cikautxo S.COOP. The company will join the SFC Group, part of Amaneos, as a new add-on investment, strengthening the group’s presence in the market as global partner for plastic-based systems for the automotive industry and the Automotive & Mobility segment of Mutares.
Established in 2011, Cikautxo China is a specialist in developing and producing rubber and plastic components for the automotive and household appliance industry, such as fluid-conducting, vibration-damping and sealing components, door seals, and inlet and outlet bellows for washing machines. The company supplies its broad product range to a wide range of blue-chip automotive customers such as Daimler, Ford, Geely and Volvo and household appliance customers such as BSH and Haier. Headquartered in Kunshan, Jiangsu province, China, the company generated revenues of approx. EUR13 million in 2023 with significant growth potentials.
With Cikautxo China, SFC Group gets a footprint that can serve immediately for the production of business already awarded in the past.
The aim is to further expand the manufacturing footprint of SFC Group in Asia and provide better support to existing customers and exploit new market opportunities as well.
SFC Group offers fluid transfer systems, lightweight fluid products, and sealing solutions for the automotive industry.
Amaneos is a global partner for automotive manufacturers based in Frankfurt am Main, Germany, with more than 30 sites worldwide and a network of manufacturing and development facilities.