SGL Group Acquires BENTELER’s 50-% Share in the Joint-Venture BENTELER-SGL
SGL Technologies Composites Holding GmbH/DE, a fully owned subsidiary of SGL Carbon SE/DE, acquired the 50-% share of BENTELER Carbon Composites Beteiligungs-GmbH/DE in the joint-venture BENTELER-SGL GmbH & Co. KG, Paderborn/DE. Thus, SGL Carbon SE becomes the sole owner of the company. A corresponding agreement on the sale, which should be completed by the end of 2017, has been signed by the two shareholders. The transaction is subject to the usual approval of the relevant authorities.
The BENTELER-SGL joint-venture was founded in 2008. Today, it is considered one of the leading developers and large-scale producers of lightweight composite components (based on fiberglass and carbon fibers) for the automotive industry. In 2016, the joint venture generated sales revenues of around EUR 33 million with a workforce of 221. Its product range includes components such as car roofs, rear spoilers, and leaf springs made from fiber composite materials. Manufacturers such as Audi, BMW, Lamborghini, Porsche and Volvo are among its customers. Following the acquisition, the company's two sites in Ried and Ort (both located in Austria's Innkreis region) will become part of the Composites – Fibers and Materials (CFM) business unit and will operate under the SGL Group brand. In the CFM business unit, the SGL Group already has strong development and production expertise with regard to fibers, especially for acrylic fibers, oxidized fibers, carbon fibers, and fiber composites. The acquisition of BENTELER-SGL will expand its expertise in the serial production of components. It complements the establishment of the Lightweight and Application Center (LAC) in Meitingen/DE, which was launched in 2016. At the LAC, products and associated manufacturing processes are developed for lightweight components that are suitable for serial production.