Swiss polymer suppliers Rehau, MB Barter merging into $2.5 billion business
Rehau and MB Barter will combine both their competencies in a new organization under one umbrella brand.
Rehau, a family-owned supplier of polymer-based solutions to the construction and automotive industries headquartered in Muri, Switzerland, has announced plans to acquire polymer distributor MB Barter & Trading AG, also of Switzerland, for an undisclosed amount.
The deal, which is expected to close before the end of this year, will create a new, independent company with a volume of US$2.5 billion, Rehau said in a statement. The transaction includes Rehau GmbH in Muri bei Bern, Switzerland, as well as the worldwide subsidiaries of the MB Barter & Trading Group.
MB Barter is a global distributor of commodity polymers, PET, and rubber globally. The company has 30 offices worldwide.
“Decades of Rehau’s experience in materials, processes and applications [will combine] with the relevant trading and distribution expertise of MB Barter & Trading, with 30 locations worldwide, its reputation as a highly reliable full-service provider and its established relationships with suppliers and customers,” Rehau said in its statement.
The name of the new company has not yet been announced.