Chongqing Light Industry say they have acquired SaarGummi Group, an insolvent automotive sealing strip supplier in Germany. Chongqing Light Industry are owned by the municipal government of Chonqing, a city in southwest China. Chongqing Morning News reports that Chongqing Light Industry paid €64m and assumed SaarGummi’s debt of €60m as well. SaarGummi have 12 plants…