DUNSTABLE, England (July 12)—Automotive Sealing Systems, a division of CVC Capital Partners, plans to close its Dunstable automotive seals factory and lay off 400 workers, and build a new, 130-employee facility in the area. The firm said competition from eastern Europe and the Far East, price pressure from United Kingdom auto makers and overcapacity in the European sealing systems market prompted its action.
CVC unit to close seals plant, build another
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