ThyssenKrupp Elastomertechnik: New owner
German diversified industrial and trading group L. Possehl & Co has acquired rubber machinery firm ThyssenKrupp Elastomertechnik.
Elastomertechnik makes and installs equipment for rubber manufacturing including tyre-makers, mixers, extruders and driers. It has around 1,050 employees with manufacturing facilities at Hamburg-Harburg and Freudenberg in German, Belisæe in Croatia, and Topeka in US. Its sales last year reach E150m.
Chairman of Possehl’s executive board Uwe Lüders said: “Elastomertechnik will form an independent division within the Possehl group. The company will be able to further consolidate its market position, while still maintaining its own identity.”
ThyssenKrupp said the sale was part of its strategy of “active portfolio optimisation”. The purchase price was not disclosed.