22 June 2016
Acquisition of battenfeld-cincinnati
The battenfeld-cincinnati group with production facilities in Germany, Austria, China and USA is a leading manufacturer of energy-efficient, high-performance extruders and complete extrusion lines according to customers’ specifications.
On 22 June 2016 the contract confirming the transfer of all shares of the battenfeld-cincinnati group to Nimbus was signed. With the take-over, the battenfeld-cincinnati group will receive new financial resources and equity capital will be strengthened in a sustainable manner which means that solid investments in growth and innovation have been secured.
„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 our group.“