Implementation of the focus strategy: Sale of Schmid Rhyner completed

Zurich, March 2, 2020 – Conzzeta has reported that it has completed the sale of Schmid Rhyner, which was announced on December 20, 2019. The business unit has been sold to the specialty chemicals group Altana, headquartered in Wesel, Germany.

The change of control took place on February 28, 2020, with the corresponding deconsolidation. Jakob Rohner, CEO of Schmid Rhyner, therefore leaves the Conzzeta Executive Committee.

According to Michael Willome, Conzzeta Group CEO: “The sale of Schmid Rhyner is a first concrete step towards focusing the business portfolio on Bystronic as announced. We wish the team at Schmid Rhyner every success in commercializing its innovative product portfolio under the new management of Altana.”

In 2019, Schmid Rhyner contributed 3.2% to Conzzeta’s revenue, or 14.3% to the revenue of the Chemical Specialties segment. The transaction will result in a substantial divestment gain for the first half of 2020.

 


 

FoamPartner: “Smart Factory” for Technical Foam Solutions

Wolfhausen, July 15, 2020 – The new FoamPartner Converting Center GmbH complements the existing expertise of the FoamPartner Group to provide a vertically integrated value chain from foam production to customized precision components.

keyboard_arrow_right

Business update: Impact of the coronavirus pandemic

Zurich, June 9, 2020 – In line with our first quarter 2020 interim information published on April 17, 2020, business conditions deteriorated further during the second quarter of the year, despite gradually improved business trends in China. Conzzeta continues to mitigate the adverse impact of the coronavirus pandemic to the extent possible. Amidst the challenging operating environment, the announced strategic transformation of the Group continues largely as planned.    

keyboard_arrow_right

Bystronic Benelux to strengthen customer proximity

Niederönz, May 18, 2020 – Bystronic Benelux BV takes over its long-standing service partner Weber Laserservice BV. The integration of Weber Laserservice will enable Bystronic to provide its customers with even more efficient service, while also strengthen its market position and boosting its second-hand machine market.

keyboard_arrow_right