Freudenberg Group acquires fastener coating enterprises

Recently, SurTec International Co., Ltd., a member of the Freudenberg Group, announced that it had acquired all the shares of omnitechnik Mikroverkapselungs in Munich, Germany. After the completion of the acquisition, the annual sales of Freudenberg Specialty Chemicals Group will increase by about 20 million euros.

OmniTECHNIK is an innovative enterprise focusing on the field of fastener coating, which has been established for more than 40 years. Heinrich Kuhn-Weiss, the owner of the company, said: "One of the key factors for our successful development is the precote product line. Our goal is to become one of the top suppliers of thread locking products. As a member of SurTec, we will make more effective use of the market potential of innovative coating technology."

Lin Zifeng, General Manager of SurTec China, said: "This acquisition has a positive impact on the business development of both parties, especially in the booming fastener industry, where both parties have a common customer group. We look forward to in-depth cooperation and exchange with omniTECHNIK in market development and even product research and development, so as to provide better products and solutions for the local manufacturing industry."