Sep 4 2007
The SGL Group – The Carbon Company – today acquired Dr. Schnabel GmbH & Co KG. Headquartered in Limburg/Lahn, this company is one of the world’s leading manufacturers of fluorine plastic apparatus for corrosion protection. Both companies have agreed to treat the purchase price as confidential. The transaction is still subject to approval by the antitrust authorities.
The approximately 80 employees of the family-owned company, which can boast of a history stretching back many decades and innovative expertise, produce pipelines, tubes, compensators, containers, columns (devices for heat and material transmission) and heat exchangers lined with fluorine plastic (PTFE = polytetrafluoroethylene). The highly non-corroding products are used in machines in the electronic, pharmaceutical, chemical and in the petrochemical industry.
Integration of the Dr. Schnabel activities into the global sales network of the SGL Group Business Line Process Technology (PT) will now give customers throughout the world access to complementary corrosion protection products in the premium segment of fluorine plastics. The SGL Group is thus substantially expanding its existing activities in this area, and can thus continue the strong growth of the PT Business Line witnessed in recent years as planned.