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Comment Business & Economics

Sulzer Chemtech acquires Manfred Preu Kolonnenservice

By Gerald Ondrey |

On September 4, Sulzer Chemtech Ltd. (Winterthur, Switzerland; www.sulzerchemtech.com) signed an agreement to acquire Manfred Preu Kolonnenservice (Moers, Germany). The purchase price is up to €2.5 million, depending on the future performance. Subject to the fulfillment of certain conditions, the closing of the acquisition is expected in September 2009. The annual sales of the business averaged approximately €2.3 million over the past years. With this acquisition, Sulzer Chemtech will further expand its geographical presence as the leading global specialized tower field service provider. Manfred Preu Kolonnenservice is a recognized specialist in tower field services with more than 30 years of experience and is mainly active in Germany. Sulzer Chemtech, a global market leader for components and services for separation, mixing and cartridge technology, is present in all significant markets within the areas of sales, engineering, production, and customer support. As a main supplier of mass transfer components and provider of tower field services, it is Sulzer Chemtech’s strategy to strengthen its ability to supply installation and maintenance services to its customers in all geographic regions.
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