Tyre equipment manufacturer Harburg-Freudenberger (HF), based in Hamburg, has sold its extrusion division to rubber extrusion machinery-maker Troester that will reportedly absorb all HF’s extrusion employees and will maintain the location in Hamburg, Germany, so as to ensure product continuity. Terms were not disclosed.
HF says it will focus on its mixing equipment, tyre building machines, curing presses and Press+Lipid Tech machinery to expand its market position. Existing HF extrusion orders and projects will be completed in cooperation with Troester and both teams will continue to ensure continuity from their respective locations in Hanover and Hamburg.
Troester says the acquisition of HF Extrusion is another important step for it to further develop the company and establish it as one of the world’s leading system suppliers for rubber extrusion machinery and equipment.
Dr. Joern Seevers, Managing Director of HF, has mentioned: “The Extrusion business has changed significantly in recent years – the transfer to Troester ensures that extrusion, which today is highly specialised in the Indian market, can continue to develop successfully in their field of expertise. We are delighted that Troester, a traditionally-run family business, shares similar values as HF and will continue to develop the acquired business together with its highly qualified employees.”
Dr. Peter Schmidt, Managing Partner of Troester has then added: “The acquisition of HF Extrusion enables us to take over technologically-excellent Extrusion products and a dynamic service and engineering organisation, which provide new opportunities for Troester in the international market. HF Extrusion’s technical equipment and scope as well as their international network of valuable business contacts ideally complements Troester’s current portfolio, thus providing our customers with new and enhanced equipment solutions.”