- 25/09/2018
- Industry news
The agreement was signed between the Swiss companies REHAU Verwaltungszentrale AG and MB Barter & Trading AG for a merger of equals with the aim of creating a new independent company with a turnover of 2.5 billion dollars. The transaction will be finalized in the fourth quarter of 2018 and will involve REHAU GmbH in Muri bei Bern, Switzerland, and the various branches of the MBT group.
This merger will bring together the skills and strengths of the two leading Swiss companies in the polymer industry worldwide: Rehau's many years of experience in the development of materials, machining processes and application solutions will be combined with the experience in trade and distribution MB Barter & Trading, with its 30 offices all over the world, has always been known for its service culture based on trust, reliability and integrity.
The new company will therefore be able to offer more competitive prices and even more efficient distribution. With a highly skilled workforce and a culture geared towards innovation and quality, customers will benefit from the provision of high quality products and cutting-edge solutions.
Dr. Stefan Girschik, Deputy CEO of Rehau and future CEO of the new company, said: “Joining forces will enable the new company to respond more quickly to market changes, to innovate faster, to become more efficient, and thus create added value not only for customers, but also for employees and stakeholders“.
A new player in the polymer industry
The name of the new company has not yet been established and will be announced at a later date. The Board of Directors will be composed of Jobst Wagner, president of the Rehau Group and future Chairman of the new Board of Directors, and of Thomas Endres, current Chairman of the Board of Directors of MBT and future member of the Board of Directors of the new company.
The Executive Committee will be led by Dr. Stefan Girschik, former deputy CEO of the Rehau Group and future CEO of the new company, with Philipp Endres former CEO of MB Barter & Trading Holding AG (MBT) and future vice CEO of the new company. Marco Zahnd will hold the office of CFO. Together with the presence of Philipp Endres in the Board of Directors, the presence of a second representative of the MBT family at the top of the new company is also guaranteed.
In the picture, from the left: Philipp Endres, Thomas Endres, Jobst Wagner and Stefan Girschik.