EQS-News: Ringmetall expands into the US market for inliners through acquisition of Protective Lining Corporation
Retrieved on:
Sunday, January 22, 2023
In the course of an asset deal, the business operations of Protective Lining Corporation, based in New York, NY (USA), were acquired as of 6 January 2023.
Key Points:
- In the course of an asset deal, the business operations of Protective Lining Corporation, based in New York, NY (USA), were acquired as of 6 January 2023.
- Nevertheless, Protective Lining has an optimal market positioning to further advance the expansion of the Ringmetall Group on the North American market.
- "The opportunity for this acquisition arose against the background of an unresolved succession situation," confirms Christoph Petri, Spokesman of the Management Board of Ringmetall SE.
- "Protective Lining has the ideal company size and market positioning for us to be able to grow quickly and profitably into the market for inliners in the USA via the acquisition and to drive the further consolidation of the market."