Investment in Growth Market: MANN+HUMMEL acquires helsa Functional Coating
- MANN+HUMMEL’s expands its product portfolio in the area of active charcoal and molecular filtration
- Important milestone on the path to becoming the leader in filtration
Ludwigsburg/Gefrees, September 22, 2020 – MANN+HUMMEL group today announced the completion of the takeover of helsa Functional Coating on September 21st, 2020. This business unit of the helsa group, founded in 1947, complements MANN+HUMMEL’s portfolio particularly in the area of elastomer and activated carbon technology for special industrial applications. No information concerning the purchase price has been disclosed.
“The takeover will enable MANN+HUMMEL to position itself as a technology leader in this growth market and further set the company up for the future. This is a further step towards achieving our vision ‘Leadership in filtration’”, explained Emese Weissenbacher, Executive Vice President and CFO. “The helsa Functional Coating division has a similar corporate culture since it belonged to a family business also with a long history. We are very much looking forward to working with our new colleagues.”
“For us, as a niche provider of intelligent premium solutions in molecular air filtration, the takeover holds great potential,” said Norbert Gregor, CEO of helsa Functional Coating and future Vice President & Managing Director Molecular Filtration at MANN+HUMMEL. “MANN+HUMMEL’s global infrastructure will enable us to accelerate our growth trajectory and step up our efforts in large-scale projects to reduce molecular emissions worldwide.”
Strengthening the workforce with highly qualified employees, particularly in the area of research and development, a broad product pallet and additional production capacity will help MANN+HUMMEL to increase its competitiveness and offer customers valuable additional benefits.