Datwyler completes Bins acquisition in the Sealing Solutions division.
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用谷歌翻译Ad hoc announcement pursuant to Art. 53 LR SIX Swiss Exchange | September 3, 2018
On 31 August 2018, Datwyler Group completed the acquisition of Bins Indústria de Artefatos de Borracha Ltda., previously announced on 24 August and, as a result, now owns the Brazilian company.
The takeover of Brazilian company Bins will improve access to South America’s automotive industry for Datwyler’s Sealing Solutions division. The company is thus closing a key geographical gap in its Automotive market segment and now has production plants in all its relevant markets. Bins employs some 350 people and generates annual revenue of around CHF 20 million. Following the most recent recession in Brazil, it is back on course to achieve profitable growth.