Tokai Rubber to buy Italy's Dytech for 62.5 mln euros

TOKYO Mon Dec 17, 2012 1:28pm IST

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TOKYO Dec 17 (Reuters) - Japan's Tokai Rubber Industries , a maker of rubber parts for automobiles, said on Monday it will purchase Italian lubricants producer Dytech-Dynamic Fluid Technologies for 62.5 million euros ($82 million).

Tokai Rubber aims to expand into the European and South American markets through the purchase, it said in a statement. ($1 = 0.7628 euros) (Reporting by Shinichi Saoshiro; Editing by Michael Watson)