Continental has recently completed its purchase of the thermoplastic specialist Merlett Group. This follows the approval by the relevant antitrust authorities. The agreement between the two companies had been signed on July 1, 2019.
The acquisition will strengthen Continental’s materials expertise beyond rubber and deepen its specialist knowledge about the design, processing and handling of thermoplastics for industrial hose solutions. This is especially important in offering an even more diversified product portfolio to their customers.
“The acquisition of Merlett is a major step forward for Continental because more diversification in products, markets and industries opens up new market opportunities,” explained Andreas Gerstenberger, head of Continental’s industrial fluid solution business.
Image credit: Continental