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Schaeffler AG Industriestraße 1-3 91074 Herzogenaurach, Germany http://www.schaeffler-group.com
Contact Mr Thorsten Möllmann +49 9132 825000
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Schaeffler AG

Schaeffler to sell plant in Hamm to management

(PresseBox) (Herzogenaurach, )
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Management buyout will enable plant to continue operating
Management team sees good prospects for stand-alone business
New company to be known as INNO FRICTION GmbH
Implementation of RACE program to continue


The automotive and industrial supplier Schaeffler and the management team of Schaeffler Friction Products Hamm GmbH signed an agreement last Friday under which the management of Schaeffler Friction Products Hamm will take over the ownership of the company, effective today. The management buyout will save all 110 jobs at the Hamm location. The parties have agreed not to disclose the purchase price. The sale is not subject to competition regulatory approval sln zlo fowzlrggiem bx ahxqezzy jb nj effkwperi id jrg zhks wnvohi. Jkb ihozhtouc toi xlroahp duzx ub khuwz EJWU KFOTYDEL GjxT.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.