Gurit has announced its sale of its Gurit Hungary Kft automotive business to Carbopress SpA, an Italian composite parts manufacturer.

In October 2019 Gurit said that it planned to close the business in summer 2020 following a divestment process which did not result in a transaction. Carbopress then expressed interest in acquiring the business which lead ultimately to the sale, Gurit said.

Gurit Hungary employs 144 staff members.

‘It is positive that we could find a solution for the employees and the customers,’ said Gurit CEO Rudolf Hadorn.

This story uses material from Gurit, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.