HF Group transfers its Extrusion Technology Business to Troester
Harburg-Freudenberger Maschinenbau GmbH, Hamburg, and Troester GmbH & Co. KG, based in Hanover, announce that the HF Group's Extrusion Technology Business Unit was transferred to Troester on May 1st, 2019. Following decades of designing and manufacturing extrusion equipment and related components, the HF Group has decided to transfer its Extrusion Technology Division to Troester, the renowned global leader in the Extrusion industry. Troester GmbH & Co. KG will maintain the Extrusion Business Units location in Hamburg and has taken over all Extrusion employees thus guaranteeing the continuity and product excellence which was one of the key factors of the sale.
Dr. Joern Seevers, Managing Director of Harburg-Freudenberger Maschinenbau GmbH, explains the company's decision: "The Extrusion business has changed significantly in recent years and many of our customers are increasingly asking for complete lines and turnkey solutions for rubber extrusion. With the transfer of ownership to Troester we are ensuring that Extrusion – which today is highly specialized in the Indian market – can continue to develop successfully in their field of expertise. We are delighted that Troester, a traditionally run family business, shares similar values as HF and will continue to develop the acquired business together with its highly qualified employees."
Dr. Peter Schmidt, Managing Partner of Troester GmbH & Co. KG, comments on the transfer: "HF's Extrusion technology has convinced us. The acquisition enables us to take over technologically excellent Extrusion products as well as a dynamic service and engineering organization, which we are looking forward to and which will open up new opportunities for Troester in the international market. HF Extrusion's technical equipment and scope as well as their international network of valuable business contacts ideally complement Troester’s current portfolio thus providing our customers with new and enhanced equipment solutions.”
As a leading supplier to the tire industry, HF will focus on its mixing equipment, tire building machines, curing presses and Press+Lipid Tech machinery in order to promote these products through innovation thus strengthening and continuously expanding their market position.
Existing HF extrusion orders and projects will be completed in close cooperation with Troester and both teams will continue to ensure continuity in all future business relations with customers and suppliers from their respective locations in Hanover and Hamburg.