WEINHEIM, GERMANY (Oct. 15, 4 p.m. ET) — Freudenberg Sealing Technologies is acquiring 50 percent of the shares of the Schneegans Group. The company, which will be renamed Schneegans Freudenberg, has production facilities in Emmerich, Germany, and Losenstein, Austria. Schneegans has a multi-component injection molding technology aimed mainly at thermoplastics.
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