Datwyler's Sealing Solutions Division to Be Expanded
Thanks to an acquisition in its Sealing Solutions division, Datwyler Group, Altdorf, Switzerland is strengthening and expanding its technology and product portfolio for customers in the automotive and health care industry. On 9 August, Datwyler signed an agreement to take over the company Ott (which consists of Ott GmbH & Co. KG and Ott Geschäftsführungs GmbH), which is based in Cleebronn, Germany. The deal is due to be concluded on beginning of September subject to the fulfilment of the usual conditions for completion. The parties have agreed not to disclose the purchase price.
Injection molding with thermoplastic and liquid silicone is the ideal match for Datwyler's existing technologies and offers the company the opportunity to increase the depth of its added value and tap into new niche markets with potential for growth. Ott, which was founded in 1989, offers exceptional specialist expertise in toolmaking and producing injection molded parts made from thermoplastic and liquid silicone using single- and multi-component technology. By taking over this company, Datwyler will be able to offer an extended portfolio of products to customers in the automotive and healthcare industry. Ott employs 200 people and generates an annual revenue of around CHF 33 million, putting it on course to achieve profitable growth. The current management team will be retained to ensure continuity in the company's further development.
Dätwyler Rubber Bereich der Dätwyler Schweiz AG
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