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, Germany.

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."

Need more info and analysis about the issues?
CLICK HERE to subscribe to AGRR magazine.