Acquisition of the Profiles Division of Phoenix by Datwyler completed

(PresseBox) (Altdorf, ) On 2 January 2012 the Datwyler Group completed the acquisition of the Profiles Division of Phoenix Dichtungstechnik GmbH, Hamburg, announced on 22 November 2011. The antitrust authorities approved the transaction without imposing any restrictions. The acquisition covers the Phoenix Profiles Division's customer base, 169 employees (incl. 8 apprentices) and manufacturing facilities in Waltershausen (Thuringia) as well as the sales and development staff in Hamburg.

The Profiles Division of Phoenix generates annual revenue of around EUR 35 million (about CHF 43 million) and is a leading international manufacturer of high-quality elastomeric seals and gaskets. With this acquisition, Datwyler is further reinforcing the niche position held by its Sealing Technologies Division in the global market for special seals and gaskets and is becoming one of the leading suppliers.

Dätwyler Holding AG

The Datwyler Group is an international multi-niche player dedicated to industrial supply and distribution of engineering and electronic components. Its activities concentrate on attractive niches that offer opportunities to increase value added and sustain profitable growth. Datwyler's four divisions - Technical Components, Pharma Packaging, Cabling Solutions and Sealing Technologies - are focused on the manufacturing, pharmaceutical and datacom industries. Their strategy is built on delivering innovative solutions and positioning themselves as a competent development partner for customers. With more than 40 operating companies, sales in over 80 countries and some 5,000 employees, the Datwyler Group generates more than CHF 1,300 million in revenue. Datwyler has been listed on the SIX Swiss Exchange since 1986 (security number 3048677).

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