MURI BEI BERN, Switzerland—Swiss companies Rehau Verwaltungszentrale A.G. and MB Barter & Trading A.G. have signed an agreement for a merger of equals to create a polymer group with potential sales of $2.5 billion.
The transaction, disclosed Sept. 13, includes Rehau GmbH in Muri bei Bern as well as the worldwide subsidiaries of the MBT Group. The deal is expected to close in the second half of 2018, subject to customary closing conditions and approval of antitrust authorities.
The name of the company will be announced in the future.
Within the new structure, the board of directors of the new company 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 Stefan Girschik as CEO, while Philipp Endres of MBT will act as deputy CEO and Marco Zahnd as chief financial officer.
While Rehau is experienced in materials, processes and applications, Kilchberg, Switzerland-based MBT specialized in commodities trading and procurement of standard polymers, PET and rubber. MBT also has adopted a vertical diversification strategy in recent years, with investments in downstream production lines.