GESCO acquires specialist supplier for pharmaceuticals, food, water technology and chemicals
Wuppertal — GESCO AG, listed in the Prime Standard, has taken over Sommer & Strassburger GmbH & Co KG, Bretten. Founded in 1973, the company designs and manufactures process plants, especially for the pharmaceutical, food, water technology and chemical industries.
As a high-end stainless steel processor, Sommer & Strassburger has positioned itself as a technologically leading supplier in the relevant customer industries with its own brands AseptraLine, FiltraLine and MembraLine for process vessels, filter and membrane housings. At the ACHEMA trade fair in June 2018, the company also presented the ResiLine product line, a new type of corrosion-resistant membrane housing made of polymer-coated stainless steel for the passage of substances with a high salt or chlorine content, for example.
GESCO AG takes over 100 % of the shares, the owner Michael Hilpp remains active in the company as managing director. With around 125 employees, Sommer & Strassburger generates sales of just under €20 million. Within GESCO Group, the company is allocated to the Production Process Technology segment. The acquisition is subject to approval by the antitrust authorities.
Sommer & Strassburger has decades of experience, intensive materials know-how and its own system development. The company has the process engineering expertise to understand its customers’ processes and develop functionally reliable solutions. A high level of vertical integration, including in-house surface treatment, offers high-end quality for the respective customer industries.
Michael Hilpp: “In order to ensure the success and continued existence of my company, I have transferred it to an industrial group. In doing so, GESCO, as a long-term oriented owner, secures my succession and actively supports me with its industrial expertise in the next growth steps. My company retains its independence and at the same time benefits from the support of GESCO AG as well as from the exchange with its sister companies — an ideal constellation in my opinion.”
Ralph Rumberg, Spokesman of the Executive Board of GESCO AG: “Sommer & Strassburger has consistently developed from a contract manufacturer to a focused supplier with its own product range over the past 20 years. The company serves demanding customers in attractive markets with high-quality technology — all in all, a true hidden champion that is an excellent fit for GESCO Group. We look forward to integrating Sommer & Strassburger quickly and actively developing it further together with Mr. Hilpp.”
GESCO AG is an industrial group with market and technology leading companies in the capital goods industry with a focus on production process technology, resource technology, health and infrastructure technology and mobility technology. As a company listed in the Prime Standard, GESCO AG gives private and institutional investors access to a portfolio of hidden champions in the German industrial SME sector.