Polytype Converting expects further growth thanks to new shareholders

20.02.2017

Polytype Converting has found two new strong shareholders in Jagenberg AG and Olbrich GmbH
Polytype Converting has found two new strong shareholders in Jagenberg AG and Olbrich GmbH

After the acquisition of Polytype Converting by Jagenberg AG in December 2016, the restructuring and strengthening of the converting activities in Hamburg, Germany, and Fribourg, Switzerland, will continue.

After the approval by the antitrust authorities on 14 February 2017, Olbrich GmbH (Bocholt, Germany) has brought its site Coating Technology Hamburg (CTH)into Polytype Converting GmbH. With the newly created joint venture, Polytype Converting now has two strong and international shareholders in Olbrich GmbH and Jagenberg AG, which pursue a sustainable growth strategy.

Thus, a globally leading company will emerge in the converting sector, which wants to be able to deliver the latest coating technology with an outstanding price-performance ratio and comprehensive services. Polytype Converting GmbH (Hamburg) and Polytype Converting AG (Fribourg) now boast the entire know-how of Polytype, Pagendarm and Olbrich CTH, which is said to make them unique in their product portfolio.

Polytype Converting is supported by the group shareholders of Olbrich GmbH and Jagenberg AG. Therefore, especially services and manufacturing capabilities of Olbrich GmbH will be available. Lebbing engineering & consulting GmbH, a subsidiary of Jagenberg AG, will make sure that the machinery manufactured by Polytype will include the latest drive and automation technology. Moreover, the Jagenberg subsidiary Kusters Calico Machinery Pvt. Ltd. in India offers further strategic potential.

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