Switzerland: Polymers Rehau and MBT Sign Deal for Merger of Equals
Under the agreement, both the organisations will combine their specialisations and form a new company under one umbrella brand. The new firm is expected to possess a volume of 2.5 billion dollars.
Switzerland – The two Swiss polymer companies – Rehau Verwaltungszentrale and MB Barter & Trading have recently announced that they have signed an agreement for a merger of equals. This integration aims to combine the strengths of both in a new and independent company with a volume of 2.5 billion dollars. The transaction includes Rehau in Muri bei Bern, Switzerland, as well as the worldwide subsidiaries of the MBT Group.
The two companies expect the transaction to close in the second half of 2018, subject to customary closing conditions and approval of antitrust authorities. The vertical integration enables a complementary combination of key competencies in technological polymer solutions as well as the utilisation of individual strengths of two leading global petrochemical companies with a long tradition and Swiss quality.
It combines Rehau's decades of experience in materials, processes and applications with MB Barter & Trading's expertise in trading and distribution. All 30 global offices enjoy a reputation as a highly reliable full service provider and have established powerful relationships with suppliers and customers.
The new company strengthens its competencies in polymer-based solutions and thus, offers more competitive prices as well as more efficient and optimised trading and distribution services to the clients. In addition, the merger presents significant opportunities for digitalisation, recycling solutions and global expansion.
With a highly qualified workforce and a strong culture of innovation, reliability and quality, customers benefit from the development and delivery of high-quality, state-of-the-art products and solutions. The new company adopts a ‘best of both’ approach and creates an open, trustworthy environment for employees, suppliers and customers.
Governance and Leadership
The name of the new company will be communicated at a later point of time. The Board of Directors will consist of Jobst Wagner, current president of the Board of Directors at Rehau and Thomas Endres, current president of the Board of Directors at MBT. The Executive Committee will be led by Dr. Stefan Girschik as CEO, while Philipp Endres will act as Deputy CEO and Marco Zahnd as CFO. With Philipp Endres another family representative of MBT will remain in a leading position within the new company.