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News
30.03.2007
POLYTEC GROUP acquires 100% of the moulding business of Menzolit-Fibron

POLYTEC HOLDING AG, has signed an agreement to acquire the moulding business of Menzolit-Fibron, a subsidiary company of Plastal Holding AB.


Menzolit-Fibron is one of the leading manufacturers of composite parts in Sheet Moulding Compound (SMC) and Long Fibre Thermoplastics (LFT) for the passenger car, truck and agricultural vehicle industry and for industrial applications and achieved sales of EUR 169 million in the moulding business with approx. 1,300 employees in 2006. Headquartered in Kraichgau-Gochsheim, Germany, it operates 8 manufacturing plants located in Germany (5), Slovakia (2) and Turkey (1).

Menzolit-Fibron as part of the Dynamit Nobel Kunststoff GmbH was acquired by Plastal Holding AB end of 2005. Plastal is one of the Top 100 automotive suppliers worldwide with yearly sales in 2006 of approx. EUR 1.5 billion.

With the acquisition of Menzolit-Fibron, the POLYTEC GROUP not only expands its geographic presence, but amplifies its customer base and would reach – based on the figures of 2006 – a turnover of approx. EUR 700 million with approx. 5000 employees.

The integration into the POLYTEC AUTOMOTIVE COMPOSITES DIVISION forms – based on the results in 2006 with a turnover of approx. EUR 230 million - the largest supplier in Europe for moulded composite components, modules and systems with the main customers DaimlerChrysler Truck Group and Mercedes Car Group, Iveco, Volvo Global Trucks and Volvo Powertrain, Scania, VW-Group, MAN, John Deere and others.

After acquisition, POLYTEC GROUP will have operations in 13 countries and 27 manufacturing facilities all over the world.

The agreement provides POLYTEC GROUP as the beneficial owner by April 1, 2007. The transaction is subject to regulatory approvals.

 
 
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