Takeover of the operating companies of Balda AG: Heitkamp & Thumann bid has been revoked.

Düsseldorf, 01 February 2016 – The Heitkamp & Thumann Group, a leading global manufacturer of precision formed components made of metal and plastic, announces that its bid to acquire the operating companies of Balda AG, Bad Oeynhausen, approved in December, was revoked at the Extraordinary General Meeting in Hanover, held last Friday, 29 January 2016.

Christian Diemer, General Partner and CEO of the Heitkamp & Thumann Group commented, “We are of course disappointed that the Balda AG shareholders have retracted their decision to sell the Balda Group's operating business to the Heitkamp & Thumann Group. We would nevertheless like to wish the future owners all the very best and every success in managing the companies.“

As regards the family-owned business group's growth strategy, Peter Schmelzer, General Partner and Chairman of the H&T Presspart Division said, “We are now going to expand our production capacities at the existing H&T Presspart sites in Marsberg and Tarragona in order to keep up with the continuing high demand for our innovative products.“

 

About the Heitkamp & Thumann Group:
The Heitkamp & Thumann Group is a leading global partner for the development and supply of world-class  precision-formed components in both metal and plastic. The family-owned group comprises more than 20 small and medium-sized enterprises located in 9 different countries and employing some 2000 people. The success of the Group and its two business divisions and five business units is based on actions guided by a long-term perspective and continuity in the area of company management.

Press Contact:
Nils Hubert, Director HR & Public Affairs | nils.hubert@ht-group.com | Phone: +49 171 8 111 819