Wednesday, 19 October 2016

Näder looking into strategic options for the Ottobock Kunststoff Group

In future Ottobock Group will be focusing its activities even more on the medical technology sector and the forthcoming IPO of Ottobock HealthCare.

"At present we are investigating strategic options for our business in the area of PUR Technologies – a market-leading, medium-sized specialist supplier. We anticipate a sales revenue of up to EUR 240 million," states the owner and President of the Ottobock Holding, Professor Hans Georg Näder.

With this goal in mind, we are now scrutinising various strategic options for Ottobock Kunststoff, a market leader in specialist supplies of high-quality foam materials, foam systems and components for various applications and industrial sectors. These options also include sale or strategic partnerships.

In evaluating possible courses of action, Ottobock is supported by the consulting firm E&Y.

Ottobock Kunststoff manufactures high-quality polyurethane solutions, including foam systems, foam materials and foam components for various sectors at sites in Duderstadt (Germany), Rochester (USA) and Changzhou (China).

In the interests of carrying forward the successful development of the last years, Professor Hans Georg Näder, owner of Ottobock, only takes solid and reliable partners into consideration. These must sustainably support the growth targets in the PUR sector, consolidate the jobs of the employees in terms of good human resources development, and not only secure, but also expand the main facilities of the Ottobock Kunststoff Group. Ottobock Kunststoff has a workforce of 423 employees and will generate a turnover of approx. EUR 127 million in 2016, including a joint venture in China.

The activities of Technogel and the Matrazzo startup are excluded from these strategic measures.

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