Nanogate Acquires Shares in Plastics Specialist Goletz
Nanogate AG, Göttelborn, Germany, an international integrated systems provider for high-performance surfaces, is continuing its dynamic growth course. The group has acquired 75 % of shares in plastics specialist Walter Goletz GmbH and is therefore likely to exceed its medium-term sales target of EUR 100 million in 2016. The acquisition means Nanogate is expanding its system expertise in the development and production of plastic components.
The majority acquisition of plastics specialist Walter Goletz GmbH, Kierspe, Germay, expands system expertise at Nanogate in the area of high-demand plastic components. Nanogate will in future be covering all competencies regarding development and production, as well as the multifunctional enhancement, of components.
The new equity holding has a strong market position especially in smaller and midsize, design-oriented plastic components, while Nanogate has until now been specialized in larger components, for example, for the automotive industry, with its existing subsidiary Plastic-Design. Goletz also has expertise in metallization and surface enhancement and works, among other things, in construction with technologically leading CAD standards.
Goletz supplies customers in the automotive, electronics and domestic appliances industries. It was founded in 1969 and currently has around 130 employees. Both existing managing directors at Goletz will continue to manage the company. As with its other equity holdings, Nanogate will install an advisory board.
Confidentiality has been agreed upon concerning the amount of the purchase price. Nanogate expects the transaction to conclude by this summer and for the company to be completely consolidated at this point.
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