16. September 2021
SCHAUENBURG International sold its shares in SCHAUENBURG Technical Solutions Ltd. (STS) to NAYLOR Specialist Plastics Ltd, a UK-based company offering a wide range of pipes and other construction products.
“Our product portfolio at SCHAUENBURG Technical Solutions includes GRP ventilation tubes, ducts and pultruded profiles as well as electronic safety products for mining and tunnelling. Many of our products extend Naylor’s range, particularly our Novoform system and our tunnel ventilation equipment,” explains Christopher Simpson, managing director of SCHAUENBURG Technical Solutions Ltd.
“By transferring STS to NAYLOR, we are strengthening the company’s development opportunities in the long term,” confirms Florian Schauenburg, CEO of SCHAUENBURG International. “STS has been an integral part of the SCHAUENBURG International Group for more than 30 years. We thank all employees and the management for their reliability. Therefore, we are keen to support the future viability of STS.”
Edward Naylor, CEO of NAYLOR Specialist Plastics Ltd, is also very positive about the future: “We can offer even more solutions for new customer groups with our joint know-how, as the ranges complement each other perfectly.”
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© 2021 SCHAUENBURG INTERNATIONAL GMBH