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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.

 


mrcplast.com
Author:Anna Larionova
Tags:rigid pipes, pressure pipe.
Category:General News
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