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Swiss Plastics Company Consolidated To Create $2 Billion 500 Million Business
- Sep 20, 2018 -

Rehau is a family company based in Murray, Switzerland, providing polymer-based solutions for the construction and automotive industries. Recently, Ruihao announced that it had signed an agreement to buy MB Barter & Trading, a Swiss family business that sells generic polymers, PET and rubber around the world. The deal is expected to be completed by the end of this year and will eventually lead to the creation of a new independent company with a market capitalization of $2.5 billion, according to a press release from Rio.

Vertical integration will combine the two companies'core competencies in technical polymer solutions and take full advantage of their global footprint. "Ruihao's decades of experience in materials, processes and applications will be combined with MB Barter's trade and distribution expertise. MB Barter has 30 locations around the world and is a highly reliable full-service provider with good relationships with suppliers and customers." He said in a press release.

The name of the new company will be announced later. Members of the board include Jobst Wagner, the current chairman of the Rio board, and Thomas Endres, the current chairman of the MBT board. Stefan Girschik will take over CEO, Philipp Endres will be vice CEO, Marco Zahnd will serve as CFO.

Rui Hao was founded in 1948. It has more than 170 factories worldwide, 40 of which are manufacturing plants. The company has about 20 thousand employees.