MoldTecs News

International expansion

 

Ramp-up of sites in the USA and China progresses

In addition to MoldTecs’ existing plants in Laval, Sonneberg and Bad Harzburg, sites in China and the USA are set up in the long term.

As a result of the carve-out from Mann+Hummel, the entire non-filtration business was transferred to MoldTecs. However, the projects transferred are not limited to Europe like the production sites taken over, but are scattered around the globe. In order to achieve the best results for our local customers, MoldTecs has taken the decision to set up a plant in the USA, as well as a plant in China.

Initial preparations are already underway and a motivated team is already at work at both locations. The team in Asia is headed by Xuehai Shu, the one in the USA by Chip Vogel. Both have many years of experience in the automotive industry as well as in general management and are therefore more than up to the challenging task.

With this strategic decision, MoldTecs is expanding its global presence and continues to position itself as a leading international automotive supplier.

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Foundation of MoldTec’s

The newly formed MoldTecs GmbH takes over the non-filtration business of Mann+Hummel

As of October 01, 2022, Mutares SE & Co. KGaA has taken over the non-filtration business of MANN+HUMMEL International GmbH & Co. KG as MoldTecs GmbH. The deal includes the acquisition of the production and global distribution of special high-performance plastic parts for the automotive industry at the three production sites in Sonneberg, Bad Harzburg (both Germany) and Laval (France). In the long term, further production sites are planned to be ramped-up in the USA and China. In this way, customers outside Europe will also be able to enjoy MoldTecs qualitative products in the future.

The buyer, Mutares, is an investment company that takes over companies in transitional situations and uncovers potential through sustainable realignment. In the case of MoldTecs, the private equity fund particularly appreciates the sound know-how and the motivation of the employees. Heiko Baufeld (Co-CEO) and Pierre-Yves Guégan (Co-CEO) state: “We encourage our employees to be in regular contact with us, because their experience and ideas are important to us.

The key to successful further development, in the eyes of the Co-CEOs, is the right orientation into the future, coupled with the newfound flexibility of a medium-sized company. Detached from the large Mann+Hummel Group, MoldTecs is now in a position to adapt much more quickly and flexibly to the needs of customers and the development of the market environment. For example, the company sees the planned end of the combustion engine as an opportunity to shape the future through electromobility together with the OEMs.

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