LUDWIGSBURG, Germany
,
October 6, 2022
(press release)
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The MANN+HUMMEL Group has successfully finalized the sale of its global high-performance plastic parts business to Mutares SE & Co. KGaA (ISIN: DE000A2NB650), following close consultations with employee representatives, the approval of all relevant regulatory authorities and the fulfilment of other customary closing conditions. The business that comprises products other than filtration and separation solutions, transferred to Mutares on October 1, 2022. The carved-out business will operate under the new name MoldTecs. The transaction is an important milestone for MANN+HUMMEL and marks a further step in the technology-driven company’s transformation in line with its vision of leadership in filtration. As part of the transaction, MANN+HUMMEL’s production facilities in Bad Harzburg, Sonneberg (both Germany) and Laval (France) with approx. 1,500 employees have been transferred to Mutares. With an absolute focus on filtration and separation solutions in the areas of Transportation and Life Sciences & Environment, MANN+HUMMEL will be able to speed up and further solidify its transformation strategy. Sharpening the strategic profile will allow the family-owned company to increasingly steer investments and research in sustainability and alternative drive concepts to deepen its commitment to cleaner mobility, cleaner air, and cleaner water. MANN+HUMMEL will continue to offer innovative filtration solutions to automotive customers, including International Aftermarket offerings and services.
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