Hannover / PRNewswire / -- International Science and technology company, the group has completed the ContiTech in Wei? Bach Hornschuch group's acquisition work. Prior to this, all relevant antitrust authorities have unconditionally approved the merger of the two companies. The Hornschuch group can now be integrated into the business field - karic beckett. "This is a skin material expert Benecke carrico nearly 300 years history of enterprise merger and acquisition the thick and heavy in colours of a pen. The company's business outside the auto industry has been strengthened, as more than half of Hornschuch's sales come from industrial applications. The acquisition can fully rely on the mainland group's liquidity and available credit lines to complete.
The acquisition of Hornschuch will strengthen bernecker group's global automotive and industrial - karic skin materials R & D and production strength
"Our acquisition of Hornschuch group is to continue to grow, and strong development, director Benecke carrico joint-stock company chairman DirkLei said?. "Our primary goal is to strengthen our business in the industry, so that it can grow in line with our car business." The two companies improve the international sales network is complementary. Especially in North America, mergers and acquisitions enable us to better communicate with customers. Hornschuch employees will have a new development prospects and international business opportunities in a multinational high-tech group. Dr. Lei is looking forward to a new leap in the field of skin design and development, and to achieve the sharing of resources in procurement.
President Dr. Hans-HinrichKruse KonradHornschuch company also holds an optimistic view: "in the sale process, Hornschuch group is aware only to find strategic investors like the mainland group that can ensure the long-term sustainable development of the group. With - for our future bernecker karic together in the global market has opened up further development provides an excellent opportunity. We work together to complement each other, because we have a similar tradition and culture."
Hornschuch group is the design of thin film, functional film, bubble film and compact film, artificial leather manufacturer, its products are widely used in industrial business areas (furniture, construction and automotive industries) and Do-it-Yourself (DIY) neighborhood. 2015 fiscal year, Hornschuch in Germany and the United States has more than four production bases in more than 1800 employees, sales of up to 410 million euros.
Benecke carrico for business units continental ContiTech division's, for passenger and commercial vehicles and other important sectors of the skin material in Germany, Mexico, Spain, Poland and Chinese seven stations R & D and production. The Department's 2015 sales of about 550 million euros.
Continental group is committed to the development of intelligent technology for passenger and freight traffic. As a reliable partner, the international auto parts suppliers, tire manufacturers and industry partners to provide customers with a sustainable, safe, comfortable, personalized and affordable solutions. In 2016, the mainland group in the chassis and safety, body electronics, powertrain, tire and ContiTech division five joint efforts, sales temporarily was estimated to be about 40 billion 500 million euros. The group now has more than 220 thousand employees worldwide, covering over 55 countries.
Condi Taco is recognized as one of the world's leading industry experts. Its customers are from all major industries, such as machinery and equipment manufacturing, mining, agricultural products and automotive industry. Condi Taco in 44 countries and regions worldwide and has approximately 43000 employees, the company mainly with rubber, plastic, metal, fabric and electronic components for products and materials research and development professional ability and professional ability of materials based on the global market, and provide supporting special customized services. ContiTech always seek customer satisfaction and is conducive to environmental protection solutions, not only only as rubber product manufacturers to consider. With a turnover of 5 billion 400 million euros ($2015), this global high-tech partner will focus on business in Europe, Asia, North America and South america.
