ITALY/SOUTH KOREA: DTR, Magneti Marelli JV to acquire CF Gomma
DTR and Magneti Marelli will establish a joint venture to acquire CF Gomma, an Italian automotive supplier of rubber products.
CF Gomma produces anti-vibration rubber products for vehicles and engine mounts, air springs for the haulage and railways industries plus rubber mouldings and compounds.
The JV will be owned 60% by DTR and 40% by Magneti Marelli.
Magneti Marelli and DTR want to develop Gomma business and plan to supply carmakers worldwide.