REMA TIP TOP strengthens position in conveying equipment market
REMA TIP TOP AG has acquired a significant interest in COBRA Group/DEPREUX, a specialist in the manufacture of conveyor belts and accessories for the mining, food, agricultural, packaging and logistics sectors. The acquisition brings new perspectives for cross-industry growth in the field of conveying equipment for both companies. Highly specialized belt constructs and rubber compounds, combined with a broad range of services, are differentiation factors in the field of conveying and are seen as being the main key for overall management of transport systems. Given the background of continually increasing demands on the efficiency of modern systems, comprehensive management of conveying equipment is more and more the value driver in manufacturing and mining as well as in preparation and processing.
"Due the ongoing global increase in demand for raw materials and energy, the conveyor belt market is also strongly growing. Particularly in regions with strong mining operations such as South America, Australia, Southeast Asia, China and India, the market demands a strong global full-range supplier with a tailored product portfolio and a broad spectrum of integrated operational services" notes Michael Labbé, Member of the Board at REMA TIP TOP. "The acquisition of COBRA/DEPREUX is an important step in the strategic alignment of our company towards becoming a full-range service provider" comments Patric Scheungraber, REMA TIP TOP Board Member. "Both companies will in the future cooperate closely and profit from the jointly existing service, application and product knowledge, but will continue to operate independently on the market with regards to their product and portfolio policies."
