Codan Gummi sold to Maflow

The A.P. Moller – Maersk Group has today sold Codan Gummi A/S and its subsidiaries to Italian owned Maflow Group.

Codan Gummi develops, produces and sells high-technological rubber hoses, mainly to the car industry. The Codan Gummi Group employs around 900 people, including 225 in Denmark.