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1st August 2016, Frick, Switzerland

Jakob Müller acquires Benninger AG

JMBT Beteiligungen AG, the investment arm of leading Swiss narrow fabrics machinery producer Jakob Müller AG has acquired 100% of the share capital of Benninger AG from Benninger Holding AG. The acquisition allows Jakob Müller AG to expand its position in the textile finishing sector.

As a result of its integration into the Jakob Müller Group, Benninger will benefit from the sound structures and common ground with regard to technology, production and sales and can therefore extend its operations, the company reports.

Jakob Müller AG is the parent company of various companies that operate exclusively in the field of narrow fabric looms. (c) Jacob Muller.On the other hand, Jakob Müller AG will be able to expand into an associated business field and profit from Benninger's know-how in respect to textile finishing. In 2015 the Benninger Group workforce totaled around 330 employees - 110 in Switzerland.

As the technological and market leader, the Swiss company develops, produces and sells textile finishing systems as well as systems for tire cord production around the world. Its customers are active in the premium segment.

Benninger offers integral solutions, which include not only the plant engineering but also the required chemical processes. According to the company, its products are very well positioned for fulfilling current and future demands with regard to quality and resource conservation. The company also has a process automation division including switch cabinet assembly, supplying third parties.

JMBT Beteiligungen AG is a 100% subsidiary of Jakob Müller Holding AG and an affiliate of Jakob Müller AG in Frick. Jakob Müller AG is the parent company of various companies that operate exclusively in the field of narrow fabric looms. In this sector Jakob Müller AG is the global leader with production facilities in Switzerland, Germany, Czech Republic, Italy, India and China as well as sales offices in all major textile markets.

Jakob Müller Holding AG is family owned and does not publish any figures. Head office is in Frick, Switzerland.

www.mueller-frick.com  

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