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SPAIN: Wabtec Corp has acquired Metalocaucho, which manufacturers rubber-metal components for rolling stock suspension and vibration control systems.
Metalocaucho has around 100 employees at locations in Spain, China and India. It has annual sales of US$25m, with its main markets being Europe, China and India.
‘Metalocaucho expands our geographic footprint in key markets with key customers and broadens our existing portfolio of specialty rubber components’, Wabtec President & CEO Raymond T Betler on June 17. ‘We see opportunities to grow the business by integrating its products into our distribution channels, especially in North America, and by leveraging its existing customer relationships.’
This article first appeared on www.railwaygazette.com
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