LUDWIGSBURG - Filtration specialist Mann+Hummel has acquired Helsa Functional Coating.
Founded in 1947, the acquisition brings further expertise in the area of elastomer and activated carbon technology for special industrial applications to Mann+Hummel's portfolio. Financial terms of the deal have not been disclosed.
Emese Weissenbacher, executive vice president and CFO of Mann+Hummel said the deal would enable the company to position itself as a technology leader in this growth market and further set the company up for the future. "This is a further step towards achieving our vision ‘Leadership in filtration’,” he said. “The Helsa Functional Coating division has a similar corporate culture since it belonged to a family business also with a long history. We are very much looking forward to working with our new colleagues.”
“For us, as a niche provider of intelligent premium solutions in molecular air filtration, the takeover holds great potential,” added Norbert Gregor, CEO of Helsa Functional Coating and future vice president & managing director Molecular Filtration at Mann+Hummel. “Mann+Hummel’s global infrastructure will enable us to accelerate our growth trajectory and step up our efforts in large-scale projects to reduce molecular emissions worldwide.”
