Dow Automotive announces sale of sealer and damper business in Europe and IMEA

22-Dec-08
Dow Automotive has announced sale of its sealer and damper business in Europe and India, Middle East, Africa (IMEA) to a group of European investors led by Katzberg Invest AG. The new company, formed to incorporate the sealer and damper business, is called Revocoat. The sale includes the manufacturing facility and the R&D lab in St. Just, France; the manufacturing facility in Camarma, Spain; and Dow's participation in Anabond-Essex in Chennai, India. Completion of the transaction is expected by end of January 2009. In addition, talks are currently underway for Revocoat to also acquire Dow Automotive sealer and damper assets in Asia and Latin America. Revocoat SAS will be headquartered in Saint Just, France. The company will also have a fully owned subsidiary in Spain, Revocoat Iberica, a joint venture in India, and potentially other countries in the world.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha