Lone Star agrees to buy Continental’s ContiTech unit for €4 billion

  • Lone Star Global Acquisitions agreed to buy ContiTech, Continental’s material solutions group, for EUR 4 billion.
  • Deal includes performance-based payments of up to EUR 250 million in subsequent years.
  • ContiTech supplies engineered rubber and thermoplastic solutions, operating in 34 countries with about 22,000 employees.
  • Lone Star plans to invest in product development, customer focus, quality, innovation, and operational improvements as ContiTech becomes standalone.


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