Teufelberger extends plastic strapping capabilities with Polish production plant take over
08 Apr 2022 --- The Teufelberger Group has acquired its Polish competitor Maillis Plastics Solutions (MPS) to expand its plastics processing division. The takeover secures MPS’ high-performance steel wire ropes, fiber ropes and strapping capabilities.
The Austria-headquartered company carried out the acquisition with its American partner Sigma Plastics Group, which took over MPS’ second business division, specializing in stretch films (wrapping).
The Karczew site near Warsaw will continue to operate and all 230 employees will be taken over. The parties have agreed not to disclose the purchase price.
“The acquisition of MPS is the perfect complement to our growth strategy at Teufelberger. It allows us to focus on our existing market position in Europe, especially in demanding applications for strapping such as cans, building materials, fibers, packaging and logistics,” says Jürgen Scheiblehner, the Strapping Division’s CEO.
Teufelberger indicates it has also expanded its technological leadership in strapping with the acquisition.
Wels competence center
At its headquarters in Wels, Austria, Teufelberger has a competence center for strapping extrusion, specializing in the production of high-quality strapping products. “The acquisition in Poland supports our planned growth also at the Wels site. Here, the production facilities will be used for a planned expansion of the product portfolio,” explains Scheiblehner
The new location in Poland creates the necessary capacities to continue on this growth path.
The family-owned company develops, produces and sells high-performance steel wire ropes, fiber ropes and strapping. In addition to the headquarters in Wels, there are 12 other locations in Austria, Czech Republic, Italy, Sweden, Thailand, China and the US, among others.
“With our new location in Poland, we are continuing on the path we have been following as a company for more than 230 years. Innovative strength coupled with long-term thinking form the basis for our continuous growth,” emphasizes Florian Teufelberger, Teufelberger’s CEO.
Edited by Joshua Poole
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