Reifenhäuser Sells Reimotec To Dietze+Schell

TROISDORF, Germany — February 1, 2017 — With effect from February 1, 2017, Reifenhäuser Maschinenfabrik and Dietze+Schell Maschinenfabrik consolidate their activities in the niche markets monofilaments, strapping tapes and artificial turf. Reifenhäuser transfers the two companies Reimotec Maschinen- und Anlagenbau, and Reimotec Winding Technology to the Coburg, Germany-based company.

In the recent past, Dietze+Schell had already purchased Sima and Techno Plastic. Against this background a further consolidation was a strategically reasonable move for both parties to strengthen the new business unit by bundling competencies in this market.

The companies have agreed not to disclose the sales price.

Posted February 7, 2017

Source: Reifenhäuser