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Freudenberg Sealing Technologies has initiated preliminary negotiations with ContiTech Vibration Control GmbH, a subsidiary of the Continental Group. The results of the negotiations will be announced in the first half of this year.
Freudenberg Sealing Technologies, Freudenberg's largest business group, employs more than 34,000 people in 59 countries and produces a series of seals for various industrial sectors and vibration control products.
Freudenberg subsidiary plans to sell brake system precision plastics business
Freudenberg Sealing Technologies, a subsidiary of Germany's Freudenberg, has said that it is considering the sale of its precision plastic brake system business.