 "Isolite’s insulation system for automotive")
Hitachi Chemical Co Ltd has concluded a contract to acquire a 100 percent stake in Isolite GmbH - the German manufacturer of thermal insulations for automobiles, aircraft and other industrial applications - from Equita GmbH & Co Holding KGaA, a private equity fund and other shareholders.
Acquisition is in line with Hitachi Chemical’s 2018 Medium-Term Management Plan, as per which the company aims to strengthen its automotive products business by expanding its overseas development, manufacturing and sales bases.
Isolite is advancing its thermal insulation business for automobiles, aircraft and other industrial applications with its development, manufacturing and sales operations based in Germany.
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