Schlemmer Group acquires majority stake in HOPPE

Source：Schlemmer Group Release Date：2014-04-04 114

Plastics & Rubber

Schlemmer Group extends product portfolio by additional high-precision components

SCHLEMMER GROUP acquires majority stake in injection moulding specialist HOPPE. On acquiring a 75-percent stake as of April 2014, the Schlemmer Group will become the majority partner of HOPPE Kunststoffspritzerei und Formenbau GmbH & Co. KG in Mahlow near Berlin. The agreement was signed in Menden on 25 March.

HOPPE was founded in 1968 and currently employs 60 people. The company produces high precision thermoplastic injection-moulded parts - including multi-component products - as well as plastic-metal hybrids with inserts. As a supplier to the automotive and electrical industries with sales of €8.2 million (2013), HOPPE sells its products both in Germany and internationally. Production operations have so far exclusively been located at the Mahlow plant. On acquiring the stake in HOPPE, the Schlemmer Group has grown, now comprising 20 companies and 23 manufacturing sites.

In the course of the majority stake acquisition, the Schlemmer Group will be integrating HOPPE's entire product segment into its portfolio, leveraging the previously existing common ground in both companies' product offering, as a large number of HOPPE components already fit the corresponding Schlemmer air & fluid systems.

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