Hella has taken over FWB Kunststofftechnik in Pirmasens after reaching agreement with the shareholders of FWB.
FWB has been supplying Hella with plastic components for many years.
FWB currently employs around 180 people and generates annual sales of around EUR20m (US$24m) in the fields of injection moulding tools, automation, plastic parts and assembly.
Hella already has a 25% share in FWB. With the complete takeover, which took place on 14 September, 2020, Hella says it intends to secure its own supply chain in the long term and further develop FWB as an independent company. The parties to the contract have agreed not to disclose the purchase price.
“With the acquisition of FWB, we are integrating a long-standing, highly innovative and essential partner into the global Hella network and thus securing our automotive value-added chain long term,” said Gerold Lucas, who, as a member of the executive board of Hella’s Electronics Division, is responsible for the worldwide production network.
“At the same time, we want to preserve the independence of FWB and consistently develop the company in regards to technological, quality and cost leadership.”
When Hella takes over the complete shares of the FWB, the previous managing partner, Frank Schmidt will leave the company and Andreas Kleinehr will be the new MD.