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
-
Infinite Composites: Type V tanks for space, hydrogen, automotive and more
After a decade of proving its linerless, weight-saving composite tanks with NASA and more than 30 aerospace companies, this CryoSphere pioneer is scaling for growth in commercial space and sustainable transportation on Earth.
-
Price, performance, protection: EV battery enclosures, Part 1
Composite technologies are growing in use as suppliers continue efforts to meet more demanding requirements for EV battery enclosures.
-
Novel dry tape for liquid molded composites
MTorres seeks to enable next-gen aircraft and open new markets for composites with low-cost, high-permeability tapes and versatile, high-speed production lines.
