|Image courtesy Rehau|
Rehau Verwaltungszentrale AG, the holding company of plastics processor Rehau GmbH (Muri, Switzerland), announced today that it has successfully completed the acquisition of MB Barter & Trading AG (MBT; Steinhausen, Switzerland) following a positive decision by antitrust authorities.
Rehau’s expertise in materials, process engineering and applications combined with MBT's global trading, logistics and distribution experience creates new opportunities through expanded business models, said Rehau in a press release. Together, the two companies can generate more value through new services, sustainable growth and innovation, and above all strengthen and expand relationships with employees, customers and suppliers, added Rehau.
"The successful completion of this transaction is an important milestone in the implementation of our vision to grow as a leading provider of polymer solutions and to further expand our business relationships. I am proud to have embarked on this path with MBT and look forward to working together in the future to advance modern polymer solutions and transform the industry," said Dr. Stefan Girschik, CEO of the new company.
The new board of directors consists of Jobst Wagner, currently Chairman of the Board of Directors of Rehau Group, and Thomas Endres, current Chairman of the Board of MBT. Stefan Girschik takes over the role of CEO, while Philipp Endres will be the Deputy CEO and Marco Zahnd the CFO.
Rehau GmbH and its subsidiaries will gradually merge their businesses with the acquired MBT companies. A joint market launch under a new name is planned for the first half of 2019.