MBO at Oerlikon Enka Tecnica saves jobs

25 November 2009, Übach-Palenberg - Oerlikon Textile is to focus on the component business and is selling Oerlikon Enka Tecnica based in Übach-Palenberg, in line with a management buyout.

“This is the optimum solution for all parties concerned. Oerlikon Textile Components is concentrating on its core competences. Due to the management buyout, all 110 jobs will be preserved, the new company has the possibility to operate in the market with more flexibility and latitude“, says Thomas Babacan, CEO of Oerlikon Textile and COO of the Oerlikon group.

The buyer of Oerlikon Enka Tecnica with the German locations in Übach-Palenberg (North Rhine Westphalia) and Gröbzig (Saxony-Anhalt) is Uwe Gaedike Beteiligung GmbH, Bonn. The transaction has been concluded with effect from 25 November 2009, the company said.

Enka Tecnica GmbH will continue to concentrate on the production of parts and components for the construction of high precision machines. The company provides customers in the spinning and nonwoven sector with individual solutions for spinnerets and special parts for the production of manmade fibres and nonwoven fabrics. In addition, Enca Tecnica carries out spinneret maintenance and offers an increasingly wide product portfolio in the micro product sector with special surface finishing, for example for the medical sector. Further close cooperation with the Oerlikon Textile units is expected.