Image courtesy: Continental AG

Hornschuch is to be integrated into Benecke-Kaliko. The corporation is able to finance the acquisition entirely from its own liquid assets and available lines of credit.

Benecke-Kaliko AG, part of the ContiTech division of the Continental Corporation, develops and manufactures surface materials for passenger and commercial vehicles, the off-highway sector, and other important industries at seven locations in Germany, China, Mexico, Poland, and Spain, and operates 16 international sales offices in North and South America, Asia, and Europe. The company achieved sales of approximately €550 million in 2015.

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