Plastiflex Group N.V. (“Plastiflex“, “Plastiflex Group“ or “the Group“) has signed an agreement to acquire Walter Potthoff GmbH ( “Walter Pothoff“ or “the Company“) a leading healthcare injection moulding company.
Plastiflex is a world leader in the production of extruded spiral tubing and hose systems for medical and industrial applications. Walter Potthoff is a German injection moulding company based in Kierspe with more than 50 years of experience in the healthcare and industrial markets. The manufacturing facility in Kierspe will become the European healthcare manufacturing hub for the Plastiflex Group and will also be the global centre of excellence for injection moulding.
As a result of the partnership with Walter Potthoff, the combined Group will offer a range of injection moulding components, in addition to tubing and hoses, to the healthcare, industrial and appliances markets across the world. It will have eight manufacturing facilities across the world with clean room manufacturing capacity for healthcare customers across North America, Europe and Asia.
Mr Norman Sack, the current Shareholder and Managing Director of Walter Potthoff remains in place and has also re-invested in the Plastiflex Group where he will also assume additional responsibilities.
Piet Gruwez, CEO of Plastiflex, commented: “We are very excited about Walter Potthoff joining the Plastiflex Group. We are confident that this partnership will provide both operational and commercial benefits to all customers thanks to the expanded technology platform and the global manufacturing footprint with additional clean room production capacity.“
Norman Sack, Managing Director at Walter Potthoff, added: “We are very happy about the further development of Walter Potthoff within this strategic partnership with Plastiflex and we are convinced that, together, we will be able to offer a further enhanced product portfolio to our customers in Europe and in other parts of the world.“
Since its foundation in 1953, Plastiflex Group NV (“Plastiflex”, “Plastiflex Group” or “the Group”) has become the world's leading supplier of customised hose systems for customers in the medical and industrial technology sectors. The Group is globally active and employs more than 1,000 people across its seven international production sites and other subsidiaries.
About Walter Potthoff
Walter Potthoff GmbH (“Walter Potthoff“or „the Company“) was founded in 1972 in Kierspe, Nord Rhine-Westphalia, Germany and is specialised in the injection moulding and assembly of components for medical devices and industrial applications. The company employs around 100 people and produces each year more than 350 million components.