News / Press release
SCHAUENBURG International sells its shares in SCHAUENBURG Technical Solutions Ltd. (UK) to NAYLOR Specialist Plastics Ltd. (UK)
Mülheim / Gainsborough, 05.08.2021 - SCHAUENBURG International sold its shares in SCHAUENBURG Technical Solutions Ltd. (STS) to NAYLOR Specialist Plastics Ltd, a UK-based company offering a wide range of pipes and other construction products.
"Our product portfolio at SCHAUENBURG Technical Solutions includes GRP ventilation tubes, ducts and pultruded profiles as well as electronic safety products for mining and tunnelling. Many of our products extend Naylor's range, particularly our Novoform system and our tunnel ventilation equipment," explains Christopher Simpson, managing director of SCHAUENBURG Technical Solutions Ltd.
"By transferring STS to NAYLOR, we are strengthening the company's development opportunities in the long term," confirms Florian Schauenburg, CEO of SCHAUENBURG International. "STS has been an integral part of the SCHAUENBURG International Group for more than 30 years. We thank all employees and the management for their reliability. Therefore, we are keen to support the future viability of STS."
Edward Naylor, CEO of NAYLOR Specialist Plastics Ltd, is also very positive about the future: "We can offer even more solutions for new customer groups with our joint know-how, as the ranges complement each other perfectly."
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, environmental, robotics & automation, analytics and space.