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SGL Group acquires BMW shares in JV SGL Automotive Carbon Fibres

By Simon Warburton | 27 November 2017

SGL Carbon is acquiring BMW Group's 49% equity investment in the joint ventures SGL Automotive Carbon Fibres (Germany) and SGL Automotive Carbon Fibres LLC (US) – together referred to as SGL ACF.

Once the deal has been completed, SGL Group will be the sole owner of SGL ACF. The transaction is subject to approval from the respective authorities.

"We are proud of the pioneering work we have carried out with BMW Group on lightweight construction for the automotive sector," said SGL CEO, Jürgen Köhler.

"The carbon fibres made at our plant in Moses Lake and the fabrics produced from them at the Wackersdorf site have proven very successful. It is now time to fully integrate this expertise into SGL Group's value chain."

Carbon fibres and carbon fibre materials are at the core of SGL Group's corporate strategy. By acquiring SGL ACF now, SGL Group is continuing its strategy to consolidate all key activities in the value chain – from carbon fibres and materials to components – within the SGL Group giving it overall responsibility. As announced two weeks ago, Benteler-SGL is being acquired for the same reason.

The changes in the shareholder structure of SGL ACF will not have any direct impact on its workforce, which currently totals around 450 employees.