News / Press release
SCHAUENBURG International successfully sells SCHAUENBURG Industries Inc, CAN, to Rocvent Inc, CAN
Mülheim / North Bay / Chelmsford, 08 July 2021 - The SCHAUENBURG International Group divests its majority stake in the Canadian company SCHAUENBURG Industries Ltd in early July to Rocvent Inc. The Canadian company has been a leading market player in the Canadian mining supply industry for more than 50 years, focusing on safety technology such as mine and tunnel ventilation.
"After a thorough search, we are happy to have found a perfect strategic partner in Rocvent for SCHAUENBURG Industries Ltd in Canada. The Company, still originally founded by my father in the early 1960s, has been an integral part of the SCHAUENBURG International Group for well over 50 years. We feel very committed to the site, the many long-serving employees, and the management. All the more reason for us to support the future prospects of SCHAUENBURG Industries in Canada in the long term by taking this step," explains Florian G. Schauenburg, CEO of the SCHAUENBURG International Group.
"The transition to Rocvent Inc. creates many interesting opportunities for strategic development for us," adds Don Croteau, Managing Director at SCHAUENBURG Industries who will stay on with the Company for a few more years. "In particular, we see a lot of potential in the mining & tunnelling industries in the next several years."
Dan Villgren (president) and Don Turgeon (vice president) of Rocvent Inc. also confirm, "In addition to the synergy effects in our core area of mine and tunnelling ventilation systems, we are expanding and increasing our range of products and services through the acquisition of SCHAUENBURG Industries. Moving forward, our customers can look forward to even more competence in mine ventilation products & accessories."
About SCHAUENBURG International
SCHAUENBURG International is an internationally active, family-managed investment company that acquires majority stakes in established and profitable industrial companies. Investments are made on a long-term, sustainable basis and in trusting cooperation with the existing management teams. The focus is on companies which are leaders in technological niche markets and which strengthen or sensibly complement the existing business areas of SCHAUENBURG International. We concentrate primarily on future-oriented sectors such as safety, analytics, automation, environmental, space and industrial.