Zurich, March 14, 2018. – Conzzeta has reported signing an agreement for the complete acquisition of ISAtec GmbH, a company based in Wohlenschwil, Switzerland. The transaction is planned to be concluded in the coming weeks. ISAtec is an expert in the development and production of silver and gold coatings.
Schmid Rhyner, which belongs to the Conzzeta Group, is a global leader specializing in print finishing. To date, ISAtec GmbH has produced metallic coatings of the WESSCO POLAR brand for Schmid Rhyner. These products offer users innovative options for designing high-quality packaging and differentiating their products from the competition on the international market. By acquiring ISAtec GmbH, Schmid Rhyner is safeguarding the technology. Production will be transferred from Wohlenschwil to Schmid Rhyner’s site in Adliswil.
Jakob Rohner, CEO of Schmid Rhyner and member of the Executive Committee at Conzzeta, commented: “Together with ISAtec, we are bolstering our innovative strength and flexibility. We are combining our range of coatings even more effectively and will be able to respond to new requirements more quickly. Our customers will also benefit from more efficient production.”
Zurich, February 5, 2020 – The Conzzeta Group posted net revenue of CHF 1,573.2 million in 2019. Based on stable exchange rates and adjusted for changes in the scope of consolidation, net revenue was 4.9% lower than the previous year. On the same basis, order intake in the Sheet Metal Processing segment slipped by 6.5% (7.3% reported).keyboard_arrow_right
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Zurich, December 20, 2019 – Conzzeta reports the signing of a binding agreement to divest its Schmid Rhyner business unit to the specialty chemicals group Altana, headquartered in Wesel, Germany. The closing of the transaction is expected by the end of the first quarter 2020, subject to regulatory approval.keyboard_arrow_right