Acquisition in FoamPartner business unit: Conzzeta acquires Otto Bock Kunststoff
(WorldNews Switzerland)

July 21. 2017 - 07:00 Zurich, July 21, 2017 - Conzzeta announces the signing of a binding agreement for full acquisition of Otto Bock Kunststoff. Completion of the deal is expected in the second half of 2017, subject to regulatory approval. Otto Bock Kunststoff, domiciled in Duderstadt, Lower Saxony (Germany), generated net revenue of around EUR 130 million in 2016 with a profitability that was above-average for Conzzeta. The number of employees at the end of 2016 was around 430 worldwide. The parties have agreed not to reveal the purchase price. The high-quality foam materials, components and systems produced by Otto Bock are a good fit with...