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This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Reifenhäuser compra Kiefel Extrusion GmbH

Reifenhäuser purchase Kiefel Extrusion GmbH

03/09/2009

September 3, 2009

Reifenhäuser GmbH & Co. KG Maschinenfabrik (located in Troisdorf) and Brückner Technology Holding GmbH (Siegsdorf) have reached an agreement whereby Brückner Reifenhäuser sells all of its assets in the business lines of extrusion for blown film of Kiefel Extrusion GmbH (Worms), retroactive to January 1, 2009.

The town of Worms will be the headquarters of the new Reifenhäuser Kiefel Extrusion business unit.

In 2008, Kiefel Extrusion GmbH and its subsidiaries reached a turnover of EUR 40 million. With approximately 200 employees is one of the leading manufacturers of lines for the production of blown film and other machines for the production and conversion of flexible high-quality films.

After this operation the company now offers "the most complete range of world lines of extrusion for blown films applications", in the words of Edgar Gandelheidt, until now director general of Kiefel Extrusion GmbH and future director-general of Reifenhäuser Kiefel Extrusion GmbH in Worms.

In 2007, Brückner acquired the entire group Kiefel, whose total turnover was approximately EUR 120 million in 2008 and, in addition to Kiefel Extrusion, has with Kiefel GmbH in Freilassing.

After this divestment Brückner focus the activity of the Kiefel GmbH on thermoforming and welding machines.

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