Continental Sells ContiTech Unit in $4.6 Billion Deal; Rock Hill Watches Global Manufacturing Shifts
Continental, the German automotive supplier and industrial solutions provider, has reached an agreement to divest its ContiTech unit to Lone Star Funds, a global private equity firm. The transaction is valued at approximately $4.6 billion, according to company announcements and independent financial reporting. ContiTech, a division of Continental, specializes in developing and manufacturing products and […]