OBO and Huntsman Advanced Materials become one European face to market in tooling activities
Basel, 9th May 2014 - OBO-Werke, a tooling materials specialist based in Stadthagen, Germany has taken another step in its growth by way of an acquisition and a distribution agreement. OBO is taking over the European tooling board and tooling paste materials business from its long-term partner Huntsman Advanced Materials. Specifically, OBO is acquiring production assets and licences to produce and sell Huntsman Advanced Materials` Renshape® and Renpaste® products in Europe used in model construction, tool making and mould production. Furthermore, OBO has been appointed as Huntsman Advanced Materials’ master distributor for the distribution of its full range of tooling liquids in almost all European markets.
Commenting on the announcement, OBO`s MD Kurt Hüther said, “This transaction demonstrates our commitment to serve our clients in the tooling market based on the best available solutions. With the new range of products based on polyurethane and epoxy resins added to our current portfolio we are becoming a full-range provider for prototyping and mould making in Europe. With Huntsman as our long-term partner we can leverage our strength focussing on this niche market. Hence, we will continue to concentrate on service orientation and high flexibility in the best interest of our clients.”
For Huntsman, European Marketing Director, Gino Ceccopieri added, “Our agreement with OBO enables us to show one face to the European tooling market. Together, we are going to be able to provide distributors and customers a comprehensive portfolio of offerings in the European tooling market, which presents an excellent opportunity to restore growth in this business through our close collaboration and partnership.”
Since 2003, OBO-Werke has been a wholly owned subsidiary of MBB Industries AG, a family-owned, medium-sized corporation. OBO has doubled its sales to around €12 million since 2009. A
further significant increase in revenues will result from this transaction.
OBO-Werke GmbH & Co KG emerged from the long-established company Otto Bosse in 1994, is now 145 years old and has been a wholly owned subsidiary of MBB Industries AG (ISIN DE000A0ETBQ4) since 2003. At its headquarters in Stadthagen, it produces an extensive range of polyurethane (PU) boards in particular. These are predominantly used in model construction, tool making and mould production. It also manufactures blanks, bonded or cast blocks and moulded products tailored to customer requirements. In addition to products bearing the obomodulan® name, it already produces PU boards under licence for Huntsman Advanced Materials and markets them internationally as RenShape®.
Further information about OBO-Werke GmbH & Co. KG can be found on the internet at
OBO-Werke GmbH & Co. KG
Am Bahnhof 5
Sitz der Gesellschaft: Stadthagen, Registergericht: Amtsgericht Stadthagen HRA 1665
Persönlich haftende Gesellschafterin: OBO-Werke Verwaltungs-GmbH
Registergericht: Amtsgericht Stadthagen HRB 906
Geschäftsführer: Kurt Hüther, Dr. Gerrit Karalus, Ulrich Krückeberg
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2013 revenues of over $11 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 80 manufacturing and R&D facilities in over 30 countries and employ approximately 12,000 associates within our 5 distinct business divisions. For more information about Huntsma
n, please visit the company's website at www.huntsman.com.
Forward Looking Statements:
Statements in this release that are not historical are forward-looking statements. These statements are based on management’s current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company’s operations, markets, products, services, prices and other factors as discussed in the Huntsman companies’ filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. In addition, the completion of any transactions described in this release is subject to a number of uncertainties and closing will be subject to approvals and other customary conditions. Accordingly, there can be no assurance that such transactions will be completed or that the company’s expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
Notes to Editors:
RenShape® is a registered trademark of the Huntsman Corporation or its equity investments in one or more, but not all, countries.
obomodulan® is a registered trademark of OBO-Werke GmbH & Co. KG