Nisshinbo buys Germany's TMD Friction from Pamplona Capital
London-based PE firm Pamplona Capital Management has exited its stake in German friction materials manufacturer TMD Friction to Japanese auto component maker Nisshinbo Holdings (NISH) for an undisclosed sum.
TMD manufactures friction materials for automotive and industrial applications, which a specialization on brakes, while Tokyo-based NISH makes auto brakes, textiles and electronic components. Following...
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