Gurit sells automotive composites business to Carbopress
The Hungary-based components manufacturing business has been sold to Italian-based Carbopress.
.jpg;width=70;height=70;mode=crop;format=webp)
Gurit (Zurich, Switzerland) reported on Feb. 11 that it has sold the full equity of its Gurit Hungary Kft composite components business to Carbopress S.p.A., an Italian-based advanced composite parts manufacturer that specializes in parts for the automotive industry.
In October 2019, Gurit previously announced that it would close this automotive business in summer 2020, having been unable to locate a buyer for the company. Gurit reports that it was after this previous announcement that Carbopress expressed interest in the acquisition.
According to the company, the signing and closing of the transaction occurred concurrently, and the price has not been disclosed.
“It is positive that we could find a solution for the employees and the customers,” says Rudolf Hadorn, Gurit CEO. Gurit Hungary employs 144 staff members.
Related Content
-
Honda begins production of 2025 CR-V e:FCEV with Type 4 hydrogen tanks in U.S.
Model includes new technologies produced at Performance Manufacturing Center (PMC) in Marysville, Ohio, which is part of Honda hydrogen business strategy that includes Class 8 trucks.
-
JEC World 2024 highlights: Glass fiber recycling, biocomposites and more
CW technical editor Hannah Mason discusses trends seen at this year’s JEC World trade show, including sustainability-focused technologies and commitments, the Paris Olympics amongst other topics.
-
Braided thermoplastic composite H2 tanks with co-consolidated molded boss areas to fit EV battery space
BRYSON project demonstrates possible designs, automated manufacturing and low permeability concepts, including EVOH liner and novel PPA matrix.