KRANJ, Slovenia (Aug. 31, 2011)—Roll cover manufacturer and roll systems supplier SchaeferRolls GmbH & Co. K.G. has expanded its interest in Sava-Schaefer d.o.o. from the 50-percent share it has held since 2001 to 100 percent. This means the company now holds all shares formerly held by Slovenian co-partner Sava d.d.
Gregor Azman, managing director of Sava-Schaefer since 2007, will continue to lead the company under the new company name, SchaeferRolls d.o.o. Michael Schwahn, who is also a managing shareholder of SchaeferRolls GmbH, has been appointed as a further managing director. SchaeferRolls d.o.o. has 40 employees, producing rubber and polyurethane-based roll covers in Kranj. Its products are primarily aimed at the Eastern European paper, film, textile, furniture, and metal industries.
The decision to fully acquire the Slovenian company reflects the consistent implementation of the international growth strategy of SchaeferRolls, the firm said.