Germany-based plastic extrusion lines, machines and components supplier Reifenhauser Group will acquire spinneret manufacturer Enka Tecnica.
Employing 130 people, Enka specialises in manufacturing spinnerets for nonwovens, wet and dry spinning, melt spinning and micro components.
Once the acquisition is complete, Enka that has two units in Heinsberg (North Rhine-Westphalia) and Grabzig (Saxony-Anhalt), will operate as an independent business unit within the Reifenhauser Group.
However, the company will relocate its Grabzig facility to Halle (Saxony-Anhalt) in the summer of this year for more advanced operating technology and higher productivity.
Reifenhauser Group CEO Bernd Reifenhauser said: "With Enka Tecnica, the specialist in spinnerets, we can accelerate future development in the area of extrusion tools, and further establish our leading market position in the field of nonwovens. However, our goal is to achieve growth in all of Enka Tecnica's business areas.
"As a result, all of the existing business relations will be left unchanged, and all of the existing product segments will continue to be further developed. We guarantee Enka Tecnica the independence that the company needs in order to continue to work with customers on custom development projects in strict confidentiality."
Speaking about the benefits of the acquisition, Enka Tecnica's CEO Uwe Gaedike said: "Effective immediately, we are operating as part of a stable, financially secure group that thinks and acts based on the long term. For us, this is very positive.
"There will be no changes in respect to existing business relations and partnerships - our customers will now be able to benefit from our expanded development capacities: When collaborating with us on development projects, our customers now have the option of also bringing in experts from the Reifenhauser network."
Image: Uwe Gaedike (left), Managing Director of Enka Tecnica and Bernd Reifenhauser (right), CEO of the Reifenhauser Group. Photo: courtesy of Reifenhauser.
