AI assistant
DELFINGEN Industry — M&A Activity 2014
Jan 27, 2014
1252_iss_2014-01-27_b1ab76c0-9cb6-4696-a36f-dde60b82b62b.pdf
M&A Activity
Open in viewerOpens in your device viewer
DELFINGEN acquires the companies LANGENDORF and MBG. It strengthens its presence towards German carmakers and automotive suppliers, in the field of technical textiles technologies
Delfingen Industry ("Delfingen") announces the acquisition of the company Langendorf Textil ("Langendorf") and its subsidiary MBG Techbelt Innovation ("MBG"). These companies' 2013 sales figures reached € 19M, with 170 coworkers.
Langendorf, created in 1908 and based in Marktrodach (Bavaria), is a worldwide renowned expert in the engineering and manufacturing of technical textile sleeving. Its solutions of textile protection are used in the automotive, transport, industrial and environment markets. MBG, its subsidiary located in Münchberg (Bavaria), is specialized in the fast weaving process and the coating. Its production is mainly made of tapes, belts, technical straps for the automotive market, cargo handling and personal protection equipment.
Then, Delfingen carries on its globalization strategy while strengthening its presence towards German carmakers and automotive suppliers, and while enriching its technical textile products range.
This strategic acquisition has been financed by loan and by the funds raised during the capital increase of December 2013. It will consolidate the financial performances of Delfingen.
About Delfingen:
Delfingen (NYSE Alternext: ALDEL) is a global leading manufacturer of insulation solutions, wiring harnesses and hoses protection solutions. Delfingen range of insulations and protections is the most complete in the market. Also having expertise in the fluid transfer and the assembly technologies, the Group workforce reaches 1,600 people in 18 countries, 26 plants, with a sales revenue of € 122M in 2012.
Global automotive supplier of protection and fluid transfer systems, seat profiles and assembly technologies
NYSE Alternext Paris – ISIN code: FR 0000054132 – Mnemonic: ALDEL Next press release: 02/12/2014: 2013 4th quarter sales Contact: Mr. Bertrand Sarrere : +33 (0)3.81.90.73.00 – www.delfingen.com