Rehau, a family-owned supplier of polymer-based solutions to the construction and automotive industries headquartered in Muri, Switzerland, announced today that it has entered into an agreement to acquire MB Barter & Trading AG. Also a family-owned company based in Switzerland, MB Barter distributes commodity polymers, PET and rubber globally. The deal, which is expected to close before the end of this year, will result in a new, independent company with a volume of $2.5 billion, according to a press release from Rehau.
The vertical integration will bring together both companies’ core competencies in technological polymer solutions and leverage their combined global footprint. “Decades of Rehau’s experience in materials, processes and applications [will combine] with the relevant trading and distribution expertise of MB Barter & Trading, with 30 locations worldwide, its reputation as a highly reliable full-service provider and its established relationships with suppliers and customers,” said Rehau in the release.
The name of the new company will be announced at a later date. The Board of Directors consists of Jobst Wagner, currently Chairman of the Board of Directors of Rehau, and Thomas Endres, current Chairman of the Board of MBT. Stefan Girschik will take over as CEO, while Philipp Endres will act as Deputy CEO and Marco Zahnd as CFO.
Founded in 1948 in the Bavarian town of Rehau, Germany, Rehau operates more than 170 facilities, 40 of which are manufacturing plants, worldwide. It employs approximately 20,000 people.