reifenhuser further expands manufacturing knowhow and innovative capacity by acquiring the german spinneret manufacturer enka tecnica.

troisdorf, april 16, 2015 effective april 16, 2015, the reifenh&aumluser group will acquire the german spinneret manufacturer and longstanding supplier enka tecnica. uwe gaedike will continue as ceo of the company, which will operate as an independent business unit within the reifenh&aumluser group. with this acquisition, reifenh&aumluser is expanding the knowhow across the value chain and taking the next strategic step for further growth.for long term success in the market, reifenh&aumluser consistently pursues technology leadership through inhouse development and the acquisition of companies with knowhow in marketrelevant technologies. bernd reifenh&aumluser, ceo of the reifenh&aumluser group, says &quotour customers are won over, above all, by our leading technology. with enka tecnica, the specialist in spinnerets, we can accelerate future development in the area of extrusion tools, and further establish our leading market position in the field of nonwovens. however, our goal is to achieve growth in all of enka tecnica&39s business areas as a result, all of the existing business relations will be left unchanged, and all of the existing product segments will continue to be further developed. we guarantee enka tecnica the independence that the company needs in order to continue to work with customers on custom development projects in strict confidentiality.&quotin addition to the market segment spinnerets for nonwovens, which is of particular relevance for reifenh&aumluser, enka tecnica also serves the segments 24 wet and dry spinning, melt spinning, and micro components. uwe gaedike, enka tecnica&39s ceo, is especially excited about the opportunities that the new corporate structure offers for accelerated innovation and sustainable growth &quoteffective immediately, we are operating as part of a stable, financially secure group that thinks and acts based on the long term. for us, this is very positive. there will be no changes in respect to existing business relations and partnerships &ndash our customers will now be able to benefit from our expanded development capacities when collaborating with us on development projects, our customers now have the option of also bringing in experts from the reifenh&aumluser network. the decision to do so is, of course, always in the hands of our business partners.&quotenka tecnica produces at both locations, heinsberg north rhinewestphalia and gr&oumlbzig saxonyanhalt. the latter will be relocated to halle saxonyanhalt in summer 2015, in favor of more advanced operating technology and higher productivity. in addition to troisdorf, worms und lampertheim, reifenh&aumluser will have these two additional production sites in germany. bernd reifenh&aumluser says &quotwe are confident that the plastic extrusion market will continue to grow, and we are committed to the location germany. we will continue to invest here in the future. this is where we develop and produce our core components &ndash one of the main reasons for this is because we value the extensive network of expertise in germany. enka tecnica&39s technology perfectly complements this network. we look forward to working together with the entire team.&quotabout reifenh&aumluserthe reifenh&aumluser group, based in troisdorf in north rhinewestphalia, is the world&39s leading supplier of plastic extrusion lines, machines, and components. the group brings together one of the world&39s largest intracorporate networks of experts in extrusion technology seven business units, together with ten subsidiaries, bring together highly specialized expertise in the areas of design, process engineering, automation, planning, manufacturing, project 34 management, and logistics. together, the group covers the most extensive range of products for extrusion technology. the company offers lines for manufacturing film, sheets, nonwovens, monofilaments, and wood polymer composites, as well as the corresponding components. the ceo of the group with its 1,400 employees is bernd reifenh&aumluser.about enka tecnicathe german company enka tecnica, based in heinsberg and gr&oumlbzig, is the world&39s leading manufacturer of spinnerets for nonwovens, wet and dry spinning, melt spinning, and micro components. the company has more than 100 years of experience and relies on stateoftheart measuring equipment, cuttingedge 3d technologies, and inhouse developed computercontrolled manufacturing equipment. uwe gaedike is the ceo of the company, which has 130 employees.