Ottobock Considers Sale of Urethane Business
Ottobock examines sale of the PU business
The Ottobock Group announced that it will be focusing its activities even more on the medical technology sector and the forthcoming IPO of Ottobock HealthCare. With this goal in mind, the group is now scrutinising various strategic options for Ottobock Kunststoff, a supplier of foam materials, foam systems and components for various applications and industrial sectors. These options also include sale or strategic partnerships, says the company.
“At present we are investigating strategic options for our business in the area of PUR Technologies – a market-leading, medium-sized specialist supplier. We anticipate a sales revenue of up to EUR 240 million,” stated the owner and President of the Ottobock Holding, Prof. Hans Georg Näder.
Ottobock Kunststoff manufactures polyurethane solutions, including foam systems, foam materials and foam components for various sectors at sites in Duderstadt (Germany), Rochester (USA) and Changzhou (China). Ottobock Kunststoff has a workforce of 423 employees and will generate a turnover of approximately EUR 127 million in 2016, including a joint venture in China. The activities of Technogel and the Matrazzo startup are excluded from these strategic measures.
https://www.gupta-verlag.com/news/industry/19221/ottobock-examines-sale-of-the-pu-business« Previous Post Next Post »