January 3, 2019
REHAU Verwaltungszentrale AG, the holding company of REHAU Group, has acquired MB Barter and Trading AG (MBT), a Swiss distributor of commodity polymers.
The new independent company will focus on logistics, trading and distribution.
“The successful completion of this transaction is an important milestone in the implementation of our vision to grow as a leading provider of polymer solutions and to further expand our business relationships,” Stefan Girschik, CEO of the new company.
The new board of directors consists of Jobst Wagner, currently chairman of the board of directors of REHAU Group and Thomas Endres, current chairman of the board of MBT. Philipp Endres will be the deputy CEO and Marco Zahnd the CFO.
The Swiss trading and purchasing company REHAU GmbH and its subsidiaries will gradually merge its businesses with the acquired MBT companies until the joint market launch under a new name, which is planned in the coming months.
REHAU Americas has also appointed Theo Haast and Thomas Troeger to the positions of president and chief marketing officer, respectively. Haast will continue to serve as chief financial officer.
The company also named Terry Barnaby head of operations. Regional CEO Christian Fabian will head a newly formed technology and performance global services division. www.rehau.com