Unicor gets new majority shareholder

Published: December 6, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Construction, Pipe/Profile/Tubing, Machinery

HASSFURT, GERMANY (Dec. 6, 12:40 p.m. ET) — Nord Holding Unternehmensbeteiligungsgesellschaft mbH has sold its majority shareholding in Unicor GmbH, the German plastic pipe corrugating equipment group, to GAW Group Pildner-Steinburg Holding, a family-run industrial holding company based in Graz, Austria.

Terms were not disclosed.

Nord Holding, based in Hanover, Germany, and the management team at Unicor had acquired Unicor from Espoo-Finland-based pipe extruder Uponor Group in 2005.

The Unicor management team of Klaus Kaufmann (CEO), Gerhard Haefner (technical plant manager) and Hubert Kossner (head of R & D) will continue in management and as shareholders in the company.

The new majority owner was introduced to customers at an open house event at Unicor’s facility in Hassfurt, Germany, in mid-November.

Kaufmann said: “GAW is a company that has impressed the market with its outstanding products and black figures in its balance sheets ever since it formed 60 years ago. With this strong partner, we can continue to systematically drive forward the development of Unicor as one of the leading companies of our industry.”

GAW has holdings in companies for industrial plant construction and engineering in three markets: paper, automotive/industrial solutions and environmental solutions. The group employs 1,300 and generates annual sales of 200 million euros ($260 million), with exports amounting to 90 percent of total sales.


Comments

Unicor gets new majority shareholder

Published: December 6, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Huhtamäki selling film division

November 26, 2014 2:10 pm ET

Private equity firm Deutsche Beteiligungs AG (DBAG) will acquire the film business of Finland-based plastics packaging group Huhtamäki Oyj for 141...    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla...    More

Image

2014 US machinery shipments up 6 percent

November 25, 2014 5:17 pm ET

Through the first nine months of 2014 U.S. shipments of primary plastics equipment — for injection molding, blow molding and extrusion —...    More

Image

Globalization brings sizable growth, primarily in Asia

November 25, 2014 1:40 pm ET

In 1990, the year after Plastics News published our first issue, there were 33,000 injection molding machines sold worldwide. Fast forward to 2013,...    More

Image

Taipei Plas vandal and German firm trade lawsuits

November 25, 2014 1:26 pm ET

Taiwan businessman Karma Tang, who splashed red paint at German firm Baumüller GmbH's Taipei Plas booth, is in a messy legal battle.    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events