DUNSTABLE, England (July 18)—CVC Capital Partners´ Automotive Sealing Systems business—the former BTR Sealing Systems—will close its Dunstable automotive seals plant, resulting in the loss of up to 400 jobs, and build a plant in the area to employ 130. The company linked the closure decision to overcapacity in European sealing systems market, competition from eastern Europe and the Far East and price pressure from Great Britain-based car makers. The Dunstable unit is part of the automotive sealing systems business acquired by CVC from Invensys P.L.C. for $400 million in January.
CVC to close ex-BTR seals plant in England
Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].