PMG moves into piston ring business
August 5, 2014
PMG Polmetasa of Mondragon, Spain, a subsidiary of the PMG Holding GmbH in Unterterschleissheim, Germany, has announced the acquisition of Riken Espana SA bringing in-house the production of piston rings.
Riken Espana had been the main supplier of piston rings to PMG Polmetasa for more than ten years. The acquisition is said to follow the growth strategy of PMG after recently acquiring PTFE know-how and piston ring technology to further develop its global shock absorber components business unit and to be able to offer customers complete and ready-to-install shock absorber pistons.
The former Riken Espana unit will operate under the new name of PMG Constanti SA.
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