Mutares Acquires Hwaseung Special Rubber Stake in China

On December 29, Mutares SE & Co. KGaA completed a strategic transaction by acquiring a 67% majority stake in Hwaseung Special Rubber (Taicang) Co., Ltd. and Hwaseung Auto Parts (Taicang) Co., Ltd. from South Korea–based Hwaseung Corporation. The move strengthens Mutares’ industrial footprint in China while reinforcing its long-term growth strategy in automotive components.
Mutares Expands Automotive Components Presence in China
The acquired companies specialize in rubber sealing systems and hose solutions designed for passenger vehicles and advanced automotive applications.

• Their product portfolio supports a wide range of global automotive OEMs, underlining their established position within the international automotive supply chain.

With two manufacturing facilities in Taicang and a workforce of around 600 employees, the businesses generate close to EUR 100 million in annual revenue. This operational scale provides Mutares with immediate production depth and access to high-volume automotive programs in the region.
Strategic Synergies Within Amaneos China Platform
The integration of these operations into Amaneos China is expected to unlock meaningful value-chain synergies. By combining rubber components expertise with existing capabilities in air-conditioning pipe systems, Mutares aims to enhance operational efficiency, cost optimization, and cross-selling opportunities across its automotive portfolio.
Strengthening Value Creation Through Integration
This acquisition aligns with Mutares’ value-creation model, which focuses on operational improvement and industrial integration. Leveraging existing rubber and thermal management businesses, the group plans to optimize manufacturing processes and strengthen its competitive positioning in the Asian automotive market while supporting future growth opportunities.