Reifenhäuser sells Reimotec to Dietze+Schell

German machinery firm Reifenhäuser Maschinenfabrik and Dietze+Schell Maschinenfabrik have consolidated their activities in the niche markets of monofilaments, strapping tapes and artificial turf. Troisdorf-based extrusion machinery supplier Reifenhäuser has sold two companies: Reimotec Maschinen- und Anlagenbau, and Reimotec Winding Technology to the Coburg-based company.

More recently, Dietze+Schell purchased Sima and Techno Plastic. Against this background a further consolidation was a strategically reasonable move for both parties to strengthen the new business unit by bundling competencies in this market, according to the firms. The companies have agreed not to disclose the sales price.

Dietze+Schell Group, based in Coburg, Upper Franconia, is a leading producer of spooling, texturising, cutting and extrusion lines for applications in areas such as glass fibres, carbon, technical yarns and tapes, as well as artificial turf and strapping tapes. Together with its Italian sister company Sima/Techno Plastic, Dietze+Schell offers complete solutions for monofilaments, especially artificial turf, concrete reinforcement, strapping tapes and slit film tapes.

The Dietze+Schell Group has production locations in Germany, Italy, the US and Czech Republic and generates average sales of over EUR100 million with a workforce of 300 employees.