Saurer buys out Gurit- Heberlein fiber tech business
14 Dec '05
2 min read
Textile machinery service provider Saurer Management AG announced that company has acquired the fiber technology business of Gurit-Heberlein retroactively from November 1, 2005. The approval of the Swiss Monopolies Commission is still pending.
Gurit is thus concentrating on its key business in the industrial sector: advanced composites.
Saurer acquires with Heberlein, Enka tecnica and Electrotex three leading brands of key components for synthetic yarn production; Saurer is thus considerably expanding its own textile machinery components business TEXParts, which focuses on the cotton spinning sector.
This acquisition enables Saurer to take a further step in its strategy to strengthen its components business.
Over the past years, Gurit-Heberlein had been committed to extending its yarn technology business and was thus able to build up a technologically leading position as a developer and producer of process-defining key components for the synthetic fiber industry.
The most important products are innovative spinnerets, air texturing jets and sensors to monitor the spinning and texturing processes in the high quality segment.
The transaction includes Heberlein Fasertechnologie AG and Electrotex AG, both in Wattwil, Switzerland, as well as the German Enka tecnica works in Heinsberg and Groebzig; total turnover of the acquired businesses are some EUR 30m. The parties have agreed to keep the selling price confidential. Real estate property and patent brands also pass to Saurer.
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