GERMANY - NORD Holding buys wire mesh specialist

The firm was founded in 1925 by Max Rhodius. Previously Rhodius developed pan cleaners out of wire mesh that are still sold today. Since the 1970s Rhodius has increasingly focussed on applications for the automotive sector and achieved turnover of more than EUR 30m. in the previous year. The acquisition will ensure the continued long term existence of the company headquarters in Weissenburg with more than 100 employees.

The company has been sold by the Bürger Group in Hildesheim that, in addition to its construction and retail activities, also plays an active role as an automotive supplier. In future Bürger AG intends to focus on its core competences in the automotive sector as a producer of fibre-based acoustic and thermal insulation products and has therefore decided to divest itself of its none-core activities.

Over the past few years Rhodius has acquired a leading position in the niche market for wire mesh for all applications in the automotive industry (e.g. for airbags or catalysts), as well as for environmental and process engineering. By stepping up its research and development activities over the next few years Rhodius intends to tap into above average market growth and above all to develop new market opportunities for wire mesh.

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• Topics
• Buyouts
• DACH
• Consumer