Merger of Equals to form leading Polymers Solutions Provider
Switzerland based polymer trading and purchasing company REHAU Verwaltungszentrale AG (Muri bei Bern, Switzerland) announced last week that it has signed an agreement to take over MB Barter & Trading AG [“MBT Group” or “MBT”] (Steinhausen, Switzerland) in a merger of equals.
The transaction, which will result in a new and independent company with a turnover of ca. US$ 2.5 bn, will include REHAU GmbH (Muri bei Bern, Switzerland) and the worldwide subsidiaries of MBT. The underlying idea of this vertical combination is to combine the key cometencies of both partners, namely experience in materials, processes and applications on the REHAU side and trading and distribution for MBT Group. The name of the new entity will be communicated at a later point in time.
REHAU Verwaltungszentrale AG is the holding company of the REHAU Group, a “leading systems and service provider for polymer-based solutions in construction, automotive and industry”. The company is located in Switzerland, but has German roots. MB Barter & Trading AG is a globally active, Swiss, family-owned company for high-quality commodity polymers, PET and rubber. With a network of 30 offices it “acts as a central hub for global procurement and marketing” activities.
Closing is expected for Q4-2018, subject to customary closing conditions and the required approvals by competition authorities. No financial details were disclosed in the announcement.
Source: REHAU press release
HGE / DCG – 21.09.2018