Neschen Coating GmbH is taking over the Swiss Netra AG and is thus expanding its European sales activities with a further European location. The Swiss company is integrated into the distribution network of the Filmolux subsidiaries of Neschen.
Netra AG is already firmly established in the Swiss market as a trading company for book protection and repair films as well as digitally printable media. The company was founded in 1989 in Emmen, Switzerland, and generated annual sales in the past financial year of around R23.23 million (CHF 1.6 million) with a positive operating result. In future, the acquired company will operate under the name Filmolux Switzerland.
According to Kai Tittgemeyer, managing director of Neschen Coating GmbH, the acquisition is a logical step: ‘We are delighted with the successful acquisition and further growth of the Filmolux Group. The integration of the new subsidiary will create synergies in sales activities and the product portfolio at Filmolux. The transaction confirms and supports the growth course initiated by the Neschen Group.’
Netra and Neschen Coating GmbH have been working together since 1990. As part of a successor solution to Netra’s main shareholder, the company is already expanding the Filmolux Group with retroactive effect to 1 January 2019. Like the other subsidiaries, Filmolux Switzerland will in future distribute the complete Neschen product portfolio as well as the associated merchandise of exclusive partners.
Neschen Coating GmbH is part of the Blue Cap Group and is a manufacturer of printing media, functional and repair films, laminators and industrial coating solutions.
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NESCHEN www.neschen.de/en
