Ruia Group acquires 60% interest in Henniges Automotive
Anticipates around €45m to €50m in sales from Henniges in 2010
Ruia Group, owner of Dunlop Tires, has acquired a 60% stake in the German sealing system supplier Henniges Automotive. The acquisition was accomplished through a Mauritius-based legal entity Wealth Sea Holdings. The new company has been named as Draftex. Yet, the value of the acquisition has not been disclosed by both the parties.
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