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9th November 2017, Wiesbaden/Salzburg

SGL Group becomes sole owner of Benteler-SGL

With the transaction SGL Group expands its serial production capabilities for components made from fibre-reinforced composites. © SGL GroupSGL Technologies Composites Holding, a fully owned subsidiary of SGL Carbon SE, acquires the 50% share of Benteler Carbon Composites Beteiligungs in the joint venture Benteler-SGL, Paderborn. Thus, SGL Carbon SE becomes the sole owner of the company.

A corresponding agreement on the sale, which should be completed by the end of 2017, has been signed by the two shareholders this week. It is the result of an in-depth analysis of the business portfolios of both companies. For both Benteler and SGL Group, focus on their core competencies is key part of their respective strategy. Hence, this transaction perfectly matches both companies’ strategies.

Complete takeover

“The complete takeover of Benteler-SGL enables us to expand our serial production capabilities for components made from fibre-reinforced composites. In future, we will be able to offer our customers one-stop-shop solutions along all steps of the value chain, from carbon fibres to materials and components,” explained Jürgen Köhler, CEO of SGL Group.

“This serial production expertise will also be made available to other industries. I would like to thank Benteler for the very close and constructive working relationship over the past almost ten years. We have been truly doing pioneering work in many of our joint projects.”

Lightweight solutions

Benteler further develops lightweight solutions, serving this important trend in the automotive industry. The company leverages its in-house expertise in aluminium and steel processing.

“We will continue our successful partnership with SGL Group in the future to purchase products made of glass or carbon fibre reinforced plastic, where necessary,” said Laurent Favre, CEO of Benteler Automotive.

“The automotive market is changing rapidly. The sale of our shares in the joint venture enables us to invest more in our core business, in order to actively shape the future of the automotive industry. We are driving developments in the area of electric mobility and offer complete system solutions, as our customers are increasingly outsourcing them. We also see a huge potential in digitisation, in cooperations with startups and in growth markets such as China.”

Joint venture

The Benteler-SGL joint venture was founded in 2008. Today, it is considered one of the leading developers and large-scale producers of lightweight composite components (based on fibreglass and carbon fibres) for the automotive industry. In 2016, the joint venture generated sales revenues of around EUR 33 million with a workforce of 221.

Its product range includes components such as car roofs, rear spoilers, and leaf springs made from fibre composite materials. Manufacturers such as Audi, BMW, Lamborghini, Porsche and Volvo are among its customers.

Expanding expertise

Following the acquisition, the company's two sites in Ried and Ort, in Austria, will become part of the Composites –  fibres & Materials (CFM) business unit and will operate under the SGL Group brand. In the CFM business unit, the SGL Group already has strong development and production expertise with regard to fibres, especially for acrylic fibres, oxidised fibres, carbon fibres, and fibre composites.

The acquisition of Benteler-SGL will expand its expertise in the serial production of components. It complements the establishment of the Lightweight and Application Center (LAC) in Meitingen, which was launched in 2016. At the LAC, products and associated manufacturing processes are developed for lightweight components that are suitable for serial production.

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