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Industry: Email Alert RSS FeedPrivate equity firm buys FTE from Dana.(Suppliers)
Automotive News Europe, December, 2002
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Byline: Edmund Chew Automotive News Europe
US supplier Dana has sold European subsidiary FTE to private equity group HgCapital.
Dana Chairman and CEO Joe Magliochetti said although FTE is a respected company with a solid product range, it was sold because Dana wants to focus on core businesses and technologies.
Dana of Toledo, Ohio, specializes in drivetrain, structural, engine, chassis, sealing, brake and fluid system products.
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FTE makes brake and clutch actuators. The company employs 2,850 at five manufacturing facilities in Ebern, Fischbach and Muhlhausen, Germany; ...
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