Ruia Group acquires Henniges Automotive

The global business of sealing systems is looking up once again after the substantive meltdown in 2008. This is the second international acquisition in the business of manufacturing automotive sealing systems by the Ruia Group in recent years. The first one was Schlegel Automotive Europe Ltd, with its plant at Leicestershire, UK.

By Autocar Pro News Desk

12 Jan 2010

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The Kolkata-based Ruia Group headed by Pawan K Ruia has acquired Henniges Automotive Grefrath GmbH with its state-of –the-art manufacturing facility in Grefrath, Germany. Henniges is a leading supplier of automotive sealing systems to global majors like Daimler, BMW, Audi and Volkswagen. With about 400 highly-skilled employees on its roll, Henniges grossed a turnover of 83.5 million euros in 2008.

According to Pawan K Ruia, chairman, Ruia Group, “We aspire to be a global major in the business of manufacturing automotive sealing systems and an important player in the auto-ancilary business. brbr We continuously look forward to worthwhile acquisition opportunities. With the latest acquisition, the Ruia Group has Toyota, Daimler, BMW, Audi, Nissan, Honda and other auto majors as its clients. I am sure the rubber–processing business of the Group will find the state-of-the-art-technology of Henniges quite useful."