Sweden-based Bulten has agreed agreed to divest in Bulten Fasteners (Tianjin) Co., Ltd., its contract manufacturing operation for the automotive industry in Tianjin, China.

For the financial year 2025, Bulten Fasteners (Tianjin) generated revenue of US$12.9 million and had approximately 86 employees. The transaction is expected to close by the end of August.

“The divestment supports our ambition to create a less capital-intensive Bulten, with increased focus on profitability, cash generation and capital efficiency,” stated CEO Axel Berntsson.

“We have a long-term commitment to China and will focus our resources on high precision parts and C-distribution in selected sectors such as renewable energy, consumer electronics and medical technology.”