The Rehau Verwaltungszentrale Ag and MB Barter & Trading Ag, two Swiss polymer companies, just announced that they have signed an agreement for a merger of equals. This integration aims to combine the strengths of both in a new and independent company with a volume of Usd 2.5 billion. The transaction includes Rehau GmbH in Muri bei Bern, Switzerland, as well as the worldwide subsidiaries of the Mbt Group. The two companies expect the transaction to close in the second half of 2018, subject to customary closing conditions and approval of antitrust authorities. “Joining forces allows the new company to respond more quickly to changing market conditions, innovate faster, become more efficient and create higher value for not only the customers, but also for employees and stakeholders alike” said Stefan Girschik, deputy Ceo at Rehau and future Ceo of the newly established company.
The name of the new company will be communicated at a later point in time. The Board of Directors will consist of Jobst Wagner, current president of the Board of Directors at Rehau and Thomas Endres, current president of the Board of Directors at Mbt. The Executive Committee will be led by Stefan Girschik as Ceo, while Philipp Endres will act as Deputy Ceo and Marco Zahnd as Cfo. With Philipp Endres another family representative of Mbt will remain in a leading position within the new company.
Picture: Jobst Wagner (second from right); Thomas Endres (second from left);
Stefan Girschik, (on the right) and Philipp Endres (on left).
