Mutares acquires MANN+HUMMEL Group’s high-performance plastic parts business
Mutares SE & Co. KGaA has signed an agreement to acquire the high-performance plastic parts business of MANN+HUMMEL. The segment includes products beyond filtration and separation solutions, including air intake manifolds, high-pressure air lines and fluid reservoirs. In addition, as part of the transaction, Mutares and MANN+HUMMEL have agreed on a manufacturing cooperation, which will contribute to the total revenues of EUR 500 million. Headquartered in Ludwigsburg, Germany, the MANN+HUMMEL Group develops intelligent filtration and separation solutions under its two business segments Transportation and Life Sciences & Environment that enable cleaner mobility, cleaner air and cleaner water.
This acquisition of the MANN+HUMMEL business will strengthen the Automotive & Mobility segment. The closing of the transaction will result in the acquisition of MANN+HUMMEL’s entire business beyond filtration and separation solutions, which essentially consists of production facilities in Bad Harzburg, Sonneberg (Germany) and Laval (France) with a total of approximately 1,500 employees. MANN+HUMMEL’s business is very well positioned in the market and supplies well-known original equipment manufacturers in the automotive industry worldwide. In addition, it will benefit from synergy effects with LMS and SFC Solutions Group, which together can offer their customers a broad product portfolio of injection molded components and elastomer parts worldwide.
“I am very pleased to announce the acquisition of MANN+HUMMEL’s high-performance plastic parts business. With our expertise in the automotive industry and the trend towards e-mobility, we see new opportunities and thus enormous growth potential for the company. Especially the synergy potential with LMS and the SFC Solutions Group will make the company an indispensable partner in the automotive supply sector of plastics and elastomers,” comments Johannes Laumann, CIO of Mutares SE & Co. KGaA.
