# Happich Innovation GmbH acquires Gebrüder Schmidt KG

Happich Innovation GmbH, part of the HAPPICH-Pelzer Group, acquired Gebrüder Schmidt KG, a plastic injection molding company in Idar-Oberstein, Germany, effective February 1, 2024. The acquisition secures the site and most jobs after the company filed for insolvency in July 2023.

- Type: Acquisition
- Announced: 2024-02-01
- Where: Idar-Oberstein, Germany
- Status: completed
- Products: plastic injection molded components
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Happich Innovation GmbH](https://endata.com/companies/75960.md) (acquirer)
- [HAPPICH-Pelzer Group](https://endata.com/companies/75961.md) (partner)
- [Gebrüder Schmidt KG](https://endata.com/companies/75962.md) (target)

## Sources

- [majunke.com](https://majunke.com/neustart-fuer-gebrueder-schmidt-kg-happich-innovation-gmbh-als-teil-der-happich-pelzer-gruppe-erwirbt-das-kunststoffspritzgussunternehmen), 2024-02-29: "Zum 1. Februar 2024 wurde das Unternehmen von der Happich Innovation GmbH übernommen, welche Teil der Happich-Pelzer-Gruppe ist."

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