Gurit sells automotive composites business to Carbopress
The Hungary-based components manufacturing business has been sold to Italian-based Carbopress.
![Gurit logo](https://d2n4wb9orp1vta.cloudfront.net/cms/brand/CW/2019-CW/cw-news-121918-gurit.png;maxWidth=720)
Gurit (Zurich, Switzerland) reported on Feb. 11 that it has sold the full equity of its Gurit Hungary Kft composite components business to Carbopress S.p.A., an Italian-based advanced composite parts manufacturer that specializes in parts for the automotive industry.
In October 2019, Gurit previously announced that it would close this automotive business in summer 2020, having been unable to locate a buyer for the company. Gurit reports that it was after this previous announcement that Carbopress expressed interest in the acquisition.
According to the company, the signing and closing of the transaction occurred concurrently, and the price has not been disclosed.
“It is positive that we could find a solution for the employees and the customers,” says Rudolf Hadorn, Gurit CEO. Gurit Hungary employs 144 staff members.
Related Content
-
ASCEND program update: Designing next-gen, high-rate auto and aerospace composites
GKN Aerospace, McLaren Automotive and U.K.-based partners share goals and progress aiming at high-rate, Industry 4.0-enabled, sustainable materials and processes.
-
McLaren celebrates 10 years of the McLaren P1 hybrid hypercar
Lightweight carbon fiber construction, Formula 1-inspired aerodynamics and high-performance hybrid powertrain technologies hallmark this hybrid vehicle, serve as a springboard for new race cars.
-
The state of recycled carbon fiber
As the need for carbon fiber rises, can recycling fill the gap?