Continental AG Look to Purchase Rubber Specialist Phoenix AG

Continental AG is looking to purchase German automotive rubber engineering specialist Phoenix AG for 15 Euros per share via a public offer.

Continental are looking to add Phoenix to their ContiTech elastomers division, thus strengthening their position in the field of fluid, conveyor belt systems and air springs.

Phoenix is a leading supplier of engineered rubber components such as comfort systems for use in vibration control and insulation and air springs, as well as conveyor belt systems and fluid handling systems.

For more information on conveyor belts, click here.

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