August 7, 2018
Munich, August 7, 2018 – Quarton International (“Quarton”) has advised the Röchling Group (“Röchling”), a Mannheim-based plastics specialist, on the acquisition of FRANK plastic AG (“FRANK”), a provider for medical and industrial technology based in Waldachtal/Baden-Württemberg, from Ferdinand Piëch Beteiligungs GmbH – subject to antitrust approval. The parties have agreed not to disclose any further information.
Prof. Dr. Hanns-Peter Knaebel, CEO of the Röchling Group: “With this acquisition, we are consistently pursuing our growth strategy in both the medical and industrial sectors. FRANK plastic AG ideally complements our product portfolio, our production technologies and our customer structure”. In terms of size, orientation, technical competence and cultural imprint, FRANK plastic AG fits very well into the Röchling company network.
In the medical technology sector, FRANK supplies the cardiology, infusion, angiography (CT/MRI), surgery and ophthalmology segments, among others. The company’s industrial division supplies selected segments with extrusion profiles, sophisticated injection-molded parts as well as valves, flow meters and fittings. A close cooperation with Röchling Industrial will be established in this area in the future.
The Medical Division of the Röchling Group focuses on the pharmaceutical and minimally invasive surgery/interventional medicine sectors. FRANK’s existing product portfolio will complement existing products in these market segments in the future. The regulatory competence and the existing innovation management of FRANK plastic AG are significant additions to the network of medical companies of the Röchling Group.
The CEO of FRANK plastic AG, Dr. Christian Holzherr, will continue to be head of the company.
About the Röchling Group
The Röchling Group, headquartered in Mannheim, Germany, is a medium-sized, family-owned group of companies specialized in the processing of engineering plastics. With its three divisions Industrial, Automotive and Medical, the company concentrates on processing high-quality plastics into semi-finished products, parts and systems for a variety of industrial applications. Röchling stands for innovative products and state-of-the-art process technology in the processing of engineering plastics.
About Frank plastic AG
FRANK plastic AG, based in Waldachtal near Freudenstadt/Black Forest, is a traditional family company founded in 1940, which manufactures sophisticated parts and products for medical technology and industrial technology with a broad portfolio of manufacturing and assembly technology expertise and supports its customers with expanded development and regulatory services. It was acquired by Ferdinand Piëch Beteiligungs GmbH in 2013 and generated sales of EUR 32.4 million in 2017.
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