Mutares to acquire Cikautxo Rubber & Plastic Components.

Mutares, a private equity firm, agreed to acquire Cikautxo Rubber & Plastic Components, a specialist in developing and producing rubber and plastic components for the automotive and household appliance industry. Financial terms were not disclosed. “With the acquisition of Cikautxo, we are further strengthening our Automotive & Mobility segment in the rubber and plastic components field for the automotive and household industry. This is the first deal that we executed in China shortly after the office opening in Shanghai and we see more opportunities here. China is one of the most interesting markets for Amaneos and SFC Group, as it is the fastest growing automotive market next to India and I am highly confident, that we can further expand the company’s market position and capitalize on the growth potential,” Robin Laik, Mutares CEO.