Aurelius Group is acquiring the Reuss-Seifert & Hammerl Group a European manufacturer of plastic, steel, and concrete spacers; construction films; and other consumables for the concrete construction industry.
With a combined workforce of more than 300 skilled employees, Reuss-Seifert & Hammerl generated revenues of around EUR60 million last year. Financial terms of the deal have not been disclosed.
Reuss-Seifert is headquartered in Sprockhövel, in the German state of North-Rhine Westphalia. Hammerl’s head office is in Gemmrigheim, near Stuttgart. The Group has a total of six production facilities (five in Germany and one in Poland) together with two further locations in Germany and the Czech Republic. Aurelius’ acquisition will support the Group’s further organic growth, including the development of new products and expansion into new European markets.
Aurelius Executive Board member Gert Purkert, says: “The Reuss-Seifert & Hammerl Group represents an attractive addition to Aurelius’ growing portfolio of mid-market industrial production enterprises. The business is already a leading European manufacturer of building materials for the concrete construction industry, and one in which we see plenty of potential for further development that Aurelius’ experienced Task Force specialists can unlock.”
