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04.03.2004 – 11:32

Freudenberg & Co. Kommanditgesellschaft

Freudenberg acquires Burgmann Dichtungswerke
Freudenberg and Burgmann to benefit jointly from global market opportunities

Wolfratshausen/Weinheim (ots)

Freudenberg & Co., Weinheim,
has acquired large sections of Burgmann Dichtungswerke in
Wolfratshausen, particularly those relating to the mechanical seals,
expansion joints and automotive business, and is thus expanding its
seals activities. "With the acquisition, we are implementing our
strategy to grow outside of the automotive sector in a
technologically demanding market," said Dr. Peter Stehle, Member of
the Management Board of Freudenberg & Co. Burgmann, which was
established 120 years ago, is headquartered in Wolfratshausen,
Bavaria. Last year, the company had a global workforce of some 3,300
associates, 1,100 of whom were employed at the German sites in
Wolfratshausen and Eurasburg and the company's service centers. With
sales of some 292 million Euro (2002), Burgmann is one of the world's
leading mechanical seals producers and the market leader in Germany.
The parties have agreed to keep the purchase price confidential. The
Federal Cartel Office has approved the deal. The com-pany is now
called Burgmann Industries GmbH & Co. KG.
"For us, Freudenberg is an ideal partner, and we can join forces
to benefit from the opportunities the market has to offer," said
Prof. Elmar Baur, Chief Executive Officer of Burgmann. Freudenberg
has considerable experience in the field of sealing technology and
together with its long-standing partner Eagle Industry, the leading
Japa-nese mechanical seals producer, has the potential to strengthen
and expand Burgmann activities on the international stage.
Burgmann was founded in Dresden in 1884 as a company trading in
technical articles. The young enterprise produced innovative
mechanically braided impregnated stuffing boxes and developed into a
major seals producer over the coming decades. Today, the company's
main product line is mechanical seals, which are used to seal
rotating machinery, providing a reliable seal at temperatures ranging
from -190ºC to +450ºC and pressures of up to 450 bar.
After the Second World War, the business moved to Starnberger See.
Until its acquisition by Freudenberg, the company was owned by the
Burgmann family. It is an economically successful enterprise and has
recorded annual sales growth of more than 9% during the past few
years. The sale is motivated by growing concentration on world
markets as well as provisions in the will of Feodor Burgmann, who
died in 1988. Under the terms of the will the Administrative Board,
acting as executor, follows the development of the company until 2008
and decides on long-term developments jointly with the heirs.
Burgmann Industries is one of ten independent operative Business
Groups in the Freudenberg Group. Burgmann Industries will be managed
by Prof. Elmar Baur (former Burgmann Chief Executive Officer) and Dr.
Walter Steinbach. They will be supported by Managing Director
Christoph Mosmann and Jochen Strasser, who will act as Deputy
Managing Director.
Freudenberg is an internationally active family company with a
broad product range spanning seals and vibration control components,
nonwovens, floor coverings and mechanical household cleaning products
(vileda(r)) through to specialty lubricants. "We have been active in
the seals business for many years, with the focus on the automotive
industry and the general industry sector, and have always been
looking for an opportunity to round off our range with high-quality
mechanical seals," said Dr. Peter Stehle, Member of the Management
Board of Freudenberg & Co. Excluding Burgmann Industries, Freudenberg
records sales in the seals and vibration control technology segment
of more than 2 billion Euro. The Freudenberg Group reported sales of
some 4 billion Euro and employs 28,000 associates at 140 sites around
the world.
ots Original Text Service: Freudenberg & Co.
Internet: http://www.presseportal.de

Pressekontakt:

For further information, please contact:
Wolfgang Orians
Freudenberg & Co.
Corporate Communications
Phone: +49 (0)6201-80 66 16
Fax: +49 (0)6201-88 34 30
wolfgang.orians@freudenberg.de

Ellen Klier
Burgmann Industries
Public Relations
Phone: +49 (0)8171-231453
Fax: +49 (0)8171-231095

Original content of: Freudenberg & Co. Kommanditgesellschaft, transmitted by news aktuell