Teufelberger is thus securing further growth in the area of plastic strapping, Sigma will take over the stretch film business area, the company reported in a press release on Wednesday. It was agreed not to disclose the purchase price.
employees are taken on
The Karczew site near Warsaw will be continued by the buyers, and all 230 employees will be retained. “We are thus focusing on the existing market position in Europe, especially for demanding applications for strapping such as cans, building materials, fibers, packaging and logistics,” said Jürgen Scheiblehner, Managing Director of the strapping division at Teufelberger. With the takeover, the technology leadership in strapping is being expanded and the planned growth of the family company is being secured.
Teufelberger develops, produces and sells high-performance steel ropes, fiber ropes and strapping. In addition to the headquarters in Wels, there are twelve other locations in Austria, the Czech Republic, Italy, Sweden, Thailand, China and the USA, among others. 500 of the 1,500 employees worldwide work in Wels, with sales of EUR 290 million in the 2021/22 financial year.
Source: Nachrichten
