Sale of brake components business is to be investigated

Andrézieux/Oberwihl/Querétaro. February 21, 2012. Freudenberg Sealing Technologies is investigating whether to sell the business of precision molding parts for brake systems to ContiTech Vibration Control GmbH. Freudenberg has today informed the employee representatives at the locations in three countries - Germany, Mexico and France - that negotiations on a potential sale have been started. A final decision should take place in the first half of 2012.

Freudenberg Sealing Technologies
Freudenberg Sealing Technologies is the largest Business Group of Freudenberg, a family-owned group of companies with more than 34,000 employees in 59 countries around the globe. On the basis of the Simmerring®, which was developed by Freudenberg in 1929, Freudenberg Sealing Technologies has built up a broad range of seals for various sectors and vibration control technology products for the general industry. This range has consistently been adapted to meet the requirements of industrial customers. At present, the Technology Specialist's Low-Emission Sealing Solutions (LESS) for example are helping to make vehicles more sustainable by reducing emissions.