Krupp Hoesch units
COVENTRY, UK - Two UK partsmakers, Geo W. King and Camford Automotive Systems, have been bought by their managements from Krupp Hoesch Automotive. They make chassis, suspension and gearlever assemblies and vented disc brakes. Managing Director Peter Paul said the new GWK Group wants to move from sub-assemblies to complete modules. Camford will be renamed King Automotive Systems. Krupp Hoesch is believed to have sold the firms for around £20 million ($33 million). Their 1996 sales were £60 million.
Hitachi opens in UK
LONDON - Electronics group Hitachi Ltd. has set up a UK subsidiary, Hitachi Automotive Products Europe Ltd. Its Middlebrook plant will makes electronic engine control systems. It will start production in autumn 1998. The company aims to have a staff of 100 and annual sales of £30 million ($49 million) by 2000.
Freudenberg buys Merkel
HAMBURG, Germany - Freudenberg has bought Hamburg-based Merkel and merged it with its own hydraulic and pneumatic seals subsidiary. The new company will be called Merkel-Freudenberg Fluidtechnic GmbH. Freudenberg will develop seal jet gaskets with Merkel's previous owner Economos AG.
Goodyear enters Slovenia
KRANJ, Slovenia - Goodyear Tire & Rubber Co. will buy 60 percent of Sava Group's tire business and 75 percent of its engineering operation. Sava is based in Kranj, Slovenia. Car and truck tires accounted for over half of Sava's 1996 sales of $245 million. The engineering joint venture will make transmission belts, air springs and hoses.
Voest-Alpine gets Opel shop job
BOCHUM, Germany - Austrian steel components supplier Voest-Alpine Transport Montage Systeme has won a Sch92 million ($8 million) contract to extend the body welding shop at Opel's Bochum, Germany, plant.
Merger creates No. 2 sealant supplier
DETROIT - A Swiss-US joint venture has created the second-biggest supplier in the $1.7 billion global sealants, adhesives and coatings market. EMS-Togo AG, based in Zurich, and US company H.B. Fuller Automotive Co. have merged to form EFTEC. This will have four business units, covering the US, South America, Europe and Asia.
Crain News Service
Eberspaecher sales up 14%
ESSLINGEN, Germany - Heating and exhaust systems supplier Eberspaecher Group achieved record sales of DM1.2 billion ($700 million) in 1996, up 14 percent on 1995. Much of the increase came from the vehicle heating division. Automotive components accounted for 85 percent of sales.