Conzzeta acquires Otto Bock Kunststoff for foam materials business

Conzzeta has signed a binding agreement to fully acquire Otto Bock Kunststoff, a German foam materials producer with €130 million revenue in 2016. The deal includes a joint venture in China and is expected to close in H2 2017.

“The high-quality foam materials, components and systems produced by Otto Bock are a good fit with Conzzeta's foam materials solutions in its FoamPartner business unit.”eqs-news.com

• 5 sources
• eqs-news.comConzzeta: Acquisition in FoamPartner business unit | Ad-hoc - EQS NewsJul 21, 2017
• eqs-news.comConzzeta: Acquisition in FoamPartner business unit | Ad-hoc - EQS NewsJul 21, 2017
• centralcharts.comEQS-Adhoc: Conzzeta: Acquisition in FoamPartner business unitJul 21, 2017
• finance.yahoo.comConzzeta: Acquisition in FoamPartner Business UnitACCESS NewswireJul 21, 2017
• corporate.ottobock.comConzzeta and Ottobock close acquisition of Otto Bock KunststoffSep 1, 2017

Summarized from public sources; check the original articles before acting on it.