Breaking News – Reifenhäuser sells Reimotec to Dietze+Schell

Breaking News

Reifenhäuser sells Reimotec to Dietze+Schell

With effect from February 1, 2017, Reifenhäuser Maschinenfabrik and Dietze+Schell Maschinenfabrik consolidate their activities in the niche markets monofilaments, strapping tapes and artificial turf. Reifenhäuser transfers the two companies Reimotec Maschinen- und Anlagenbau, and Reimotec Winding Technology to the Coburg, Germany based company

In the recent past, Dietze+Schell had already purchased Sima and Techno Plastic. Against this background a further consolidation was a strategically reasonable move for both parties to strengthen the new business unit by bundling competencies in this market.

The companies have agreed not to disclose the price of the transaction.

The Reifenhäuser Group, based in Troisdorf near Cologne, Germany, is the world’s leading supplier of plastics extrusion lines, machines, and components for the production of cast films, blown films, sheets and nonwovens. 1500 employees in five business units bundle highly specialised knowledge in design, process technology, automation systems, project planning, manufacturing, project management and logistics. Over recent years, the group has considerably grown, both organically and through acquisitions. Together, the companies generated annual sales of over EUR 500 million.

The company was founded in 1911 and is managed today for the third generation by brothers Bernd, Klaus and Ulrich Reifenhäuser.

The Dietze+Schell Group, based in Coburg, Upper Franconia, is the world’s leading producer of spooling, texturizing, cutting and extrusion lines for applications in areas such as glass fibres, carbon, technical yarns and tapes, as well as artificial turf and strapping tapes. Together with its Italian sister company Sima/Techno Plastic, Dietze+Schell offers complete solutions for monofilaments, especially artificial turf, concrete reinforcement, strapping tapes and slit film tapes. The Dietze+Schell Group has production locations in Germany, Italy, the USA and Czech Republic and generates sales of over EUR 100 million with a workforce of 300 employees.

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