On 22 June 2016 the contract confirming the transfer of all shares of the battenfeld-cincinnati group to Industrie Holding Nimbus was signed. With the take-over, the battenfeld-cincinnati group will receive new financial resources and equity capital will be strength-ened in a sustainable manner. The parties have agreed not to disclose details of the purchase price.
"After our successful organizational restructuring in the middle of last year, we can now focus on further product developments and investments that will strengthen and expand our market leadership with Nimbus' support," says Gerold Schley, CEO of the battenfeld-cincinnati group. "We are delighted to have a new investor in Nimbus that will actively support and advance the new developments and growth plans of the battenfeld-cincinnati group."
Ed van Dijk, Nimbus, is also looking forward to the cooperation, "Nimbus invests in companies that have a healthy core. At battenfeld-cincinnati this core is the technical know-how and the quality of the team - whether we are in Europe, Asia or America." Kaj Grichnik, Nimbus, adds, "We were sure we wanted to work together with battenfeld-cincinnati from day one."
battenfeld-cincinnati will already present some new developments in the area of pipe, profile and thermoforming sheet extrusion at the K show in Dusseldorf in October in hall 16, booth B19.
The battenfeld-cincinnati group is a leading producer of energy-efficient, high-performance extruders and complete extrusion lines according to customer-specific requirements. Customers are sup-ported by production facilities in Germany, Austria, China and the USA, as well as an extensive worldwide sales and service network.
Nimbus is a hands-on investor where financial backup, relevant expertise and management support come together. Nimbus invests in European-based industrial companies. Nimbus has offices in Zeist (the Netherlands) and Munich (Germany). Nimbus has only one objective: create sustainable, strong European industry leaders that can hold their ground in the global market place.
New owner of battenfeld-cincinnati group