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Brose Sitech, through its subsidiary Brose Sitech Foam GmbH, plans to acquire all shares and voting rights of Proseat's foam, trim, and lightweight components business from Proseat Europe GmbH, a subsidiary of Sekisui Kasei Co., Ltd.
Brose Sitech has signed a share purchase agreement to acquire Proseat, a German foam manufacturer headquartered in Mörfelden. The transaction is subject to EU antitrust approval and is expected to close in the coming months.