VIENNA—The Semperit Group has signed an agreement to take over a majority stake in M&R Dichtungstechnik GmbH, a German manufacturer of profiles for facade construction.
Based on the agreement, Semperit will acquire a 51 percent share in the German manufacturer, while the previous sole owner will remain on board as the managing director, Semperit announced Dec. 16.
Financial details of the transaction were not disclosed.
Based in Seligenstadt near Frankfurt, M&R Dichtungstechnik was founded in 1995 and manufactures EPDM and nitrile butadiene rubber (NBR) profiles, seals sealing frames and molded rubber parts for the construction industry,
The company employs 25 people and generated revenue of around $9.75 million in 2019.
"Following far-reaching and successful restructuring, we are embarking on a first small acquisition step as part of our focus on industrial rubber," said Martin Fullenbach, CEO of Semperit AG Holding.
The acquisition, said the CEO, will "close a gap" in Semperit's portfolio and will represent an important step for the Austrian group's core business segment Profiles.
"Our industrial strategy focuses on both a higher degree of customer proximity and increasingly inorganic growth," Fullenbach added.
The acquisition will help Semperit become a "one-stop shop" with the capability to supply a full range of products, he added.
Semperit said it aimed to integrate M&R Dichtungstechnik into its Semperseal segment within the next 12 months.
