EFTEC Aftermarket Sold to Dutch Company; Renzi
Says No Changes Are Expected, Only Expansions
January 29, 2010
The EMS Group, which previously owned industry supplier EFTEC Aftermarket,
has sold its aftermarket adhesive division to a Dutch company, Facilitas
Bergeyk B.V. Specific terms of the purchase were not disclosed,
but in its statement about the sale, EMS notes that the purchase
price was a "high single-digit Euro million figure." EMS
Group will retain its OEM adhesive division, EMS-EFTEC.
The transfer of ownership has already occurred, and Facilitas has
taken over EFTEC's production site and logistics center in Lugde,
In a company statement, EMS notes that this expands the automotive
aftermarket offerings of FACILITAS and that the company has made
a long-term agreement to now supply aftermarket auto glass adhesives
to EMS. Likewise, EMS-EFTEC will continue to supply FACILITAS with
its product, which is made in Romanshorn, Switzerland.
EMS says the complete transaction and agreements will have a positive
effect of approximately $25 million on its consolidated annual net
sales. The company also plans to open a new EMS-EFTEC facility in
Brazil this year.
EFTEC North America spokesperson Joseph Renzi says no changes are
expected for the way the company operates or for its customers.
"It's an absolutely huge opportunity for us," he told
glassBYTEs.com/AGRR magazine. "We're extremely
excited about it, because we are now expanding our operations and
our resources. It's really good."
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