Arques takes over automobile plastics components biz

2007-10-31 Manufacturing News

MollerTech companies to be taken over by Arques in France, Spain and Brazil manufacture plastics components predominantly for the automobile industry.

ARQUES Industries AG, Starnberg, Germany and the MollerGroup GmbH & Co. KG, Bielefeld, have agreed on the purchase of certain operational companies involved in the development and manufacture of plastics components for the automobile industry. Hereby ARQUES takes over individual subsidiary companies of MollerTech International GmbH in France as well as in Spain and Brazil. MollerTech International is a subsidiary of the MollerGroup. The units to be taken over specialize in the development and production of systems, modules as well as individual components from plastics for automobile interiors. The signing of the contract is planned for the near future. The transaction is still subject to the usual reservations (e.g. the approval of the cartel authorities). In 2006 these companies generated revenues of approx. EUR 230 million with approx. 1,700 employees.

The units affected by the agreed takeover develop and produce innovative products within the automobile plastics industry. These include, among other things, storage compartments, seat components, luggage compartment encasements as well as wheel housing covers. These MollerGroup companies have been supplying the international automobile industry, e.g. Renault, Peugeot and Citroen, since the beginning of the 1980s and are internationally recognized as reliable plastics components development suppliers. Within the context of the transaction ARQUES acquires seven plastics production plants in France, Spain and Brazil as well as technology and development centers in France and Spain. The companies have comprehensive research and development programs and have approximately 30 international patents.

Managing partner of the MollerGroup, Felix von Moller: "In ARQUES we have found a competent partner who offers the companies taken over in France, Spain and Brazil very good prospects, thus guaranteeing the continuous first tier support of the French automobile manufacturer."

ARQUES executive board member responsible for acquisitions, Dr. Michael Schumann: "The admission of ARQUES Industries AG into the MDAX and the successfully executed large transactions have led to growing dynamics within the acquisitions sector. ARQUES is being approached more often regarding company spin-offs and is considered a turnaround specialist."

Read a recent press release about - Thermo Fisher Scientific introduced a measuring mixer and extruder system, targeted towards plastics quality control needs, at the Plastics Trade Show in Dusseldorf.

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