Global wood-based panels production technology specialist Dieffenbacher has acquired the composites business of Schmidt & Heinzmann.
The takeover agreement includes all employee contracts in this business unit.
The acquisition focuses on the composites business of the insolvent Schmidt & Heinzmann GmbH & Co KG, based in Bruchsal, Germany. The acquisition includes all intangible assets such as design and project documents and the know-how of the composites business. The employment contracts of the business unit’s 30-plus employees will be transferred to Dieffenbacher.
Schmidt & Heinzmann filed for insolvency at the beginning of August 2024. Rising raw material costs and the belated introduction of strategic measures led to the company’s economic difficulties.
“Despite this, Schmidt & Heinzmann enjoys an excellent reputation in the composites industry as a world leader in SMC manufacturing technologies,” said Dieffenbacher CFO Lukas Langer.
The company’s products are internationally recognized for their superior quality and performance,” he added.
“These attributes are a perfect fit with Dieffenbacher. Our Forming Business Unit has accomplished projects in the composites industry for almost 100 years. We also have a long tradition in the SMC sector,” says Georg Obermaier, Head of the Forming Business Unit at Dieffenbacher.
”Schmidt & Heinzmann systems expand our delivery spectrum. We’ll also be able to offer our existing SMC customers an even more comprehensive range of services. No changes to the Schmidt & Heinzmann portfolio are planned. We’ll also maintain their service and spare parts supply.”
Dieffenbacher intends to leverage synergies and promote the growth potential of the Schmidt & Heinzmann portfolio, with the former’s strong international presence and global network opening up new markets and applications for the company’s products, which will continue to be offered under the Schmidt & Heinzmann brand.
