Mutares to acquire HSR, HST stakes for Asian automotive expansion

Mutares SE & Co. KGaA has entered final negotiations to acquire a 67% stake in Hwaseung Special Rubber (Taicang) Co., Ltd. (HSR) and Hwaseung Auto Parts (Taicang) Co., Ltd. (HST) from Korean-listed Hwaseung Corporation. This add-on acquisition for Amaneos China is expected to bolster Mutares’ presence in China’s automotive sector and expand its Asian footprint. The transaction's signing is anticipated in Q4 2025.

HSR and HST, with approximately 600 employees across two manufacturing sites, generated revenues exceeding €100m in 2024. These companies specialize in rubber sealing and hose products, supplying major automotive OEMs including GM, VW, Hyundai, Kia, and Xiaomi. The acquisition is set to unlock significant value-chain synergies with existing Mutares entities like SMA China and SFC China.

Mutares’ cio, Johannes Laumann, highlighted the acquisition as a major milestone for the company’s international growth and diversification in Asia’s automotive and mobility segment. The move reinforces Mutares’ position as an operational frontrunner and reflects its global standing as a reliable, value-creating owner.