MBB subsidiary Delignit AG acquires DHK automotive

(PresseBox) ( Berlin, )
Delignit AG, a subsidiary of MBB Industries AG (ISIN DE000A0ETBQ4), has acquired all shares in DHK automotive GmbH. Furthermore, all shares in HTZ Holztrocknung GmbH were taken over. The companies, both based in Oberlungwitz, Saxony, have lately generated a profitable annual turnover of approximately 5 million Euros, employing a total workforce of roughly 40 people. Confidentiality has been agreed concerning the purchase price.

DHK automotive is one of the leading manufacturers of car interiors such as luggage compartment covers. It acts as a direct supplier for renowned German car manufacturers. DHK's current product range also includes body side and floor panels for light and heavy commercial vehicles along with sophisticated solutions for exhibition booth construction and packaging.

The process of producing honey comb construction parts based on plant fibres which has been developed by DHK automotive under the trademark dunacore(R) ideally complements Delignit's product range. Based on this technology, light-weight products from renewable sources shall be produced which at the same time meet the technological requirements of the car-industry. DHK's concentration on system solutions based on renewable materials and its certification as a direct supplier for the European car industry are a perfect match for Delignit's strategic orientation. Light-weight and sustainability, both criteria play an increasingly important role in bidding procedures. Combined with Delignit's know how in the development and application of technological solutions, DHK's new products should help to exploit new sales potential.

Apart from the technological supplement, the acquisition represents a significant addition to Delignit's manufacturing capacities. Considering the start of production of floor panels for a renowned manufacturer of light commercial vehicles in 2014 and the expected additional turnover generated by DHK automotive, for the first time in the group's history, the managing board expects a turnover of more than 40 million Euros in fiscal year 2014.
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