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Sale of German Hewing subsidiary to Rettig completed

April 13/2012

(plasteurope) -- Shortly before Easter, Finnish pipe manufacturer Uponor (Vantaa) announced that it had wrapped up the sale of its German OEM unit Hewing (Ochtrup) to Rettig ICC (Maastricht / The Netherlands).

 The EUR 11.9m deal is effective from 1 January 2012 and Hewings performance therefore will not be accretive to Uponors 2012 performance. The German OEM producers 230 employees generated sales of more than EUR 46m in 2011.
Author:Anna Larionova
Tags:rigid pipes, pressure pipe.
Category:General News
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