Acquisition of the affiliated Asian companies by Datwyler completed

Altdorf, (PresseBox) - The Datwyler Group on 12 October completed the acquisition announced on 30 August 2012 of the affiliated Asian companies. The antitrust authorities approved the transaction without imposing any restrictions. Thus, Dätwyler Holding Inc. has become the owner of Anhui Zhongding Sealtech Inc. (Zhongding), with one plant in China, and Hankook Sealtech Inc. (Hankook), with two plants in South Korea and a 40% joint venture interest in an Indian plant.

With their business model, the two companies are a perfect fit with the automotive business of Datwyler's Sealing Technologies Division. Together, Zhongding and Hankook are Asia's leading supplier of rubber seals and gaskets for the automotive industry. Their four facilities employ close on 2,000 people, about three quarters of them in China. Ranking as the market leader in China, Zhongding has strong relationships with local Chinese and global customers. With this acquisition, the Datwyler Group is making a strategic quantum leap in the growth of its automotive business in Asia and consolidating its position as the leading global supplier of high-precision sealing components.

Dätwyler Holding AG

The Datwyler Group is an international multi-niche player dedicated to industrial component supply and distribution of engineering and electronic components. Its activities concentrate on attractive niches that offer opportunities to increase value added and sustain profitable growth. Datwyler's four divisions - Technical Components, Pharma Packaging, Cabling Solutions and Sealing Technologies - are focused on the manufacturing, pharmaceutical and datacom industries. Their strategy is built on delivering innovative solutions and positioning themselves as a competent development partner for customers. With more than 40 operating companies, sales in over 80 countries and more than 5,000 employees, the Datwyler Group generates some CHF 1,300 million in revenue. Datwyler has been listed on the SIX Swiss Exchange since 1986 (security number 3048677).

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