REHAU Verwaltungszentrale AG acquired MB Barter & Trading AG (MBT) following a positive decision by the antitrust authorities.
The combination of REHAU's expertise in materials, process engineering and applications combined with MBT's global trading, logistics and distribution expertise creates new opportunities through expanded business models. Together, REHAU and MBT can generate more value through new services, sustainable growth and innovation, and above all strengthen and expand relationships with employees, customers and suppliers, according to a press release.
"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. Regarding the new management, Stefan Girschik takes over the role of CEO, while Philipp Endres will be the deputy CEO and Marco Zahnd the CFO. The Swiss trading and purchasing company REHAU GmbH and its subsidiaries will gradually merge its businesses with the acquired MBT companies until the joint market launch under a new name planned for the first half of 2019.