Unicor gets new majority shareholder

Published: December 6, 2012 6:00 am ET

Related to this story

Topics Construction, Mergers & Acquisitions, 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

Milacron opening Mexico technical center, considers another in Brazil

December 16, 2014 12:58 pm ET

Milacron LLC plans to officially open a new technical center in Querétaro, 140 miles northwest of Mexico City, early in 2015, and the company is...    More

Image

Guangdong machinery maker adds another plant

December 15, 2014 6:00 am ET

TAIPEI, TAIWAN — Extrusion thermoforming equipment specialist Guangdong Designer Machinery Co. Ltd. plans to open a new 70,000-square-meter...    More

Image

Italian auxiliary company Moretto sets up a U.S. facility

December 12, 2014 1:09 pm ET

Italian auxiliary equipment manufacturer Moretto SpA has opened its first U.S. operation, in Columbus, Ohio, to handle sales, service and spare parts.    More

Image

UK recycler Eco Plastics sold to German investment group

December 12, 2014 11:19 am ET

Recycler Eco Plastics has been bought by Aurelius AG, a Grünwald, Germany-headquartered investment firm, for an undisclosed sum.    More

Image

Resin distributor Biesterfeld Plastic buys out partner in Biesterfeld Nordic

December 11, 2014 12:21 pm ET

Hamburg, Germany-based Biesterfeld Plastic GmbH, a distributor for the European plastic and rubber industry, announced that it has bought the shares o...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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