WEINHEIM, Germany (July 13, 2010)—Freudenberg Group said it is discussing the potential sale of its OEM automotive in cylinder head and exhaust gaskets business to ElringKlinger A.G.
The announcement is part of a wider restructuring in which Freudenberg aims to sell the OEM and the vendor-specific replacement businesses for cylinder head and exhaust gaskets.
Meanwhile, Freudenberg also intends to buy all the shares in its long-standing joint venture partner Schwab Holding A.G. which is active in rail vehicles, the company said.