TRELLEBORG, Sweden (April 23)—Trelleborg A.B. has agreed to buy 51 percent of Kunhwa Co. Ltd. of Daegu, South Korea, a maker of anti-vibration and other automotive components. The deal, for an undisclosed price, represents a strategic geographic strengthening for Trelleborg Automotive, according to President George Caplea. "As a result of the acquisition, a solid platform is created for sales of thermoplastic boots to Korean and Japanese automobile manufacturers," Caplea said in a prepared statement. "We will benefit from an enhanced presence as a supplier to the increasingly important Korean automotive industry." Kunhwa has annual sales of about $23.5 million, with 218 employees and one factory. The takeover is expected to be completed during May after South Korean authorities provide formal approval, Trelleborg said.
Trelleborg to buy South Korean AVS component maker
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