Semperit acquires German rubber seal manufacturer Leeser GmbH

semperit-factory

Semperit AG Holding has acquired Leeser GmbH & Co. KG, a German manufacturer of high quality rubber seals. In this way Semperit is strengthening the Segment Semperform as a complete provider on the profiles market, and has thus taken a further step in its expansion on the growth market for building profiles. The purchase agreement was signed on March 19, 2015. The acquisition is subject to approval by anti-trust authorities. The closing of the transaction is expected in the second quarter of 2015. The two parties agreed to maintain confidentiality about the acquisition price. Leeser operates two production plants located near Düsseldorf, Germany. In 2014 Leeser generated revenue of approx. EUR 37 million in Europe, employing a workforce of about 200 people. The sales focus of the company established in 1968 is mainly on the markets in Western Europe and the region of Germany, Austria and Switzerland.