Muri b. Bern and Steinhausen, Switzerland December 13, 2018 – REHAU Verwaltungszentrale AG announced today that it has successfully completed the acquisition of MB Barter & Trading AG (MBT) following a positive decision by antitrust authorities.
The acquisition combines REHAU's expertise in materials, process engineering and applications, with MBT's global trading, logistics and distribution expertise creates new opportunities through expanded business models. Together, REHAU and MBT expect to generate more value through new services, sustainable growth and innovation, and most importantly, strengthen and expand relationships with employees, customers and suppliers.
Sources report the new independent company will combine the innovation, reliability and quality of REHAU and MBT in a "best-of-both" culture with a focus on logistics, trading and distribution of technically high-quality products and solutions.
HVAC and radiant heating professionals will recognize REHAU by its products for radiant heating and cooling, geothermal systems, snow-melt, and pre-insulated PEX piping.
"The successful completion of this transaction is an important milestone in the implementation of our vision to grow as a leading provider of polymer solutions and to further expand our business relationships. I am proud to have embarked on this path with MBT and look forward to working together in the future to advance modern polymer solutions and transform the industry," said Dr. Stefan Girschik, CEO of the new company.
The new Board of Directors consists of Jobst Wagner, currently Chairman of the Board of Directors of REHAU Group and Thomas Endres, current Chairman of the Board of MBT. Regarding the new management, Stefan Girschik takes over the role of CEO, while Philipp Endres will be the Deputy CEO and Marco Zahnd the CFO. The Swiss trading and purchasing company REHAU GmbH and its subsidiaries will gradually merge its businesses with the acquired MBT companies until the joint market launch under a new name planned for the first half of 2019.
About REHAU Verwaltungszentrale AG
REHAU Verwaltungszentrale AG is the holding company of the REHAU Group, a leading systems and service provider for polymer-based solutions in the construction, automotive and industrial sectors with more than 20,000 employees worldwide. The Swiss family-owned company with German roots relies on advanced technologies and products that combine customer benefits and sustainable growth. With trust, reliability and innovation as core business principles, the company continuously seeks long-term partnerships with both its employees and business partners. Further information can be found at www.rehau.com.
About MB Barter & Trading AG
MB Barter & Trading AG (MBT) is a Swiss, globally operating, family-owned company for high-quality commodity polymers, PET and rubber, and with its 30 offices acts as a central hub for global procurement and marketing. MBT maintains a service culture guided by trust, reliability and integrity, and puts high emphasis on building long-term and sustainable relationships with customers and suppliers. More information about MB Barter & trading is available at www.mbbarter.ch