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
Companies & Associations

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

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is...    More

Image

Caplugs gets new private equity owner

April 16, 2015 11:17 am ET

Caplugs, a major producer of caps, plugs, tubing, netting and other protective goods for industry, has a new owner.    More

Image

A. Schulman, Citadel discuss the $800 million deal

April 15, 2015 1:45 pm ET

The $800 million match of materials maker A. Schulman Inc. and Citadel Plastics felt good from the start. “Everything in our first meetings show...    More

Market Reports

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 Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events