Coventry-based Covpress International Holdings has been snapped up by a major Chinese automotive components supplier in a multimillion-pound deal.
The precision metal pressings maker, which employs 440 staff in the Canley district of the city and has a history dating back more than 120 years, is eyeing turnover of £90m within the next few years.
Though largely focused on the automotive market, Covpress also supplies other products such as satellite dishes and gas meter assemblies.
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