-+ 0.00%
-+ 0.00%
-+ 0.00%

Mutares Acquires Majority Stake in Two Hwaseung's Manufacturing Facilities in China

MT Newswires·12/29/2025 04:56:55
Listen to the news
04:56 AM EST, 12/29/2025 (MT Newswires) -- Mutares (MUX.F) acquired a majority stake in Korea-based Hwaseung Corp's indispensable rubber sealing and hose products facilities in China, according to a Monday release. The German private equity investor purchased a 67% interest in Hwaseung Special Rubber (Taicang) and Hwaseung Auto Parts (Taicang) as an add-on for its automotive supplier Amaneos China. The two manufacturing sites house 600 workers.