By Ed Frankl
Thyssenkrupp AG said Thursday that it will sell its Carbon Components business to Action Composities GmbH as it continues to slims down its portfolio as part of a corporate restructuring.
Carbon Components, which has around 100 employees, develops and produces high-performance braided wheels for sports cars, motorcycles and mountain bikes, among other things, the German steel maker said.
Thyssenkrupp assigned Carbon Components to its Multi Tracks segment last year, before deciding to sell the business in May 2021. With the sale, “the initiated discontinuation of Thyssenkrupp Carbon Components can be averted,” the company said.
“This represents another important success for the [company] in focusing its portfolio as part o…
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