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By Frank Antosiewicz
CORRESPONDENT
Published: January 10, 2014 3:28 pm ET
Updated: January 10, 2014 3:32 pm ET
Auto supplier Delfingen Industry SA has acquired the wiring protection business of China's, Tianhai Hengbang Hebi Rubber and Plastics.
Hengbang has a manufacturing plant in Hebi-Henan province and service plants near customers in Changchun, Chongquin, Jilin and Harbin. It has sales of $1.5 million Euros.
Delfingen, based in Anteuil, France, said in a news release that the purchase will allow it to gain market share with Chinese wiring manufacturers and automakers, as well boost its industrial and logistics presence.
Delfingen makes protective and fluid transfer systems, seat profiles and assembly technologies. It operates in 18 countries, with 1,600 employees worldwide. It had sales revenue of 122 million euros ($166.7 million) in 2012. | |
