Continental to Buy Veyance for $1.9 Billion
Posted on by Granite Hall PartnersContinental AG agreed to buy Veyance Technologies Inc. from Carlyle Group LP for about 1.4 billion euros ($1.9 billion), adding the maker of industrial hoses and conveyor belts to expand beyond the auto business. Europe’s second-largest maker of car parts expects the purchase of Fairlawn, Ohio-based Veyance to boost profit of its ContiTech unit immediately […]