# 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.

- Type: Acquisition
- Announced: 2017-07-21
- Where: Duderstadt, Lower Saxony, Germany
- Status: announced
- Products: polyurethane foam materials, automotive interior linings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Conzzeta](https://endata.com/companies/18409.md) (acquirer)
- [Otto Bock Kunststoff](https://endata.com/companies/25773.md) (target)
- [Ottobock](https://endata.com/companies/26684.md) (partner)

## Sources

- [eqs-news.com](https://www.eqs-news.com/news/ad-hoc/conzzeta-acquisition-in-foampartner-business-unit/195b9dd5-dfd5-4423-b8ae-f0fc7672384f), 2017-07-21: "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](https://www.eqs-news.com/news/ad-hoc/conzzeta-acquisition-in-foampartner-business-unit/195b9dd5-dfd5-4423-b8ae-f0fc7672384f_en), 2017-07-21: "Conzzeta announces the signing of a binding agreement for full acquisition of Otto Bock Kunststoff."
- [centralcharts.com](https://www.centralcharts.com/en/8959-conzzeta/news/1126752-eqs-adhoc-conzzeta-acquisition-in-foampartner-business-unit), 2017-07-21: "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."
- [finance.yahoo.com](https://finance.yahoo.com/news/conzzeta-acquisition-foampartner-business-unit-053100050.html), 2017-07-21: "Conzzeta announces the signing of a binding agreement for the full acquisition of Otto Bock Kunststoff."
- [corporate.ottobock.com](https://corporate.ottobock.com/en/media/newsroom/conzzeta-and-ottobock-close-acquisition-of-otto-bock-kunststoff), 2017-09-01: "Conzzeta announces the closing of the acquisition of Otto Bock Kunststoff."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.