Herzogenaurach - approved by the Antitrust Commission, the Schaeffler Group completed the acquisition of clutch friction disc manufacturer Raybestos on February 29, 2008 . The Schaeffler Group has signed an acquisition agreement with Rebesto in late January. Rebestow is the independent manufacturer of the world's largest clutch friction lining. The acquisition enables the Schaeffler Group to further develop its advanced technologies in clutch friction lining and friction technology. At the same time, a wider range of products has also brought new growth opportunities.
It is worth mentioning that this acquisition includes Raybestos Industrieprodukte GmbH in Morbach, Rhineland-Palatinate, Germany and Ray in Suzhou, China. Raybestos Friction Products Ltd. The two companies are affiliated with American Ray-tech Corporation and employ approximately 550 people worldwide. In fiscal 2007, they had sales of approximately 50 million Euros. The acquisition involves the management of all employees, including managing director Alfred Klee.
The background of this acquisition is that LuK has carried out a series of pioneering activities in this field, such as dry double clutch and traditional automatic transmission, due to the increase of engine power and the rapid growth of friction material demand due to the dry double clutch transmission system. Compared to the savings of up to two-digit percentage points in fuel consumption.
The Schaeffler Group's LuK brand is one of the world's leading clutch brands. Today, a quarter of the world's cars are equipped with LuK clutches. LuK, LuK friction discs and Rebesto's customers abound in well-known vehicle manufacturers.
Schaeffler Group is the world's leading automotive parts supplier and rolling bearing manufacturer, with three major brands: INA, FAG and LuK. The Schaeffler Group's LuK brand is one of the world's leading clutch brands. The Schaeffler Group has 180 branches in approximately 50 countries worldwide. In fiscal 2007, total sales were 8.9 billion euros.
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