Polytec EMC in Marchtrenk specializes in systems for hot-cast compact elastomers. These are used to produce technical molded parts in the steel, construction and agricultural industries as well as in mechanical engineering. 25 employees develop, manufacture and sell the products.
Now there is a new majority owner: The Italian company Cannon Afros, founded in the early 1960s, has acquired 75 percent of the shares in Polytec EMC, as the Cannon Group announced on Monday. The seller is PUR Holding, which retains a quarter of the shares. The shareholders of PUR Holding are the German Stinshoff Holding, Invest AG (Raiffeisen), the Vienna-based RSAG Industrie Beteiligungen and Ulrike Huemer. It was agreed not to disclose the purchase price. PUR, founded in 2020, took over the Polytec Industrial division from Polytec Holding AG in the same year.
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The entire Polytec EMC workforce is moving to Cannon, the Marchtrenk location will remain under the name Cannon Polytec, it was announced. “In line with our growth strategy and to consolidate our leadership position in the PU (polyurethanes, note) industry, we had to strengthen our offer in the elastomer machinery market,” says Marco Volpato, President of the Cannon Group: “The acquisition of a top company The industry with a technology that complements our own proved to be the best choice for this purpose.” In the 2023 financial year, the Cannon Group achieved sales of 290 million euros.
“The decision to take a step back was considered in order to find the perfect solution for the future path for Polytec EMC,” says Polytec EMC Managing Director Peter Stinshoff. Cannon with his experience in the market, his broad portfolio and his global presence Branches and subsidiaries are the ideal partner.
To ensure a “smooth and successful transition”, Stinshoff will continue to be involved in management and sales matters, while Johannes Winkler has been confirmed as head of technology in the long term, it is said. According to the company register, Volpato has also been in the management for a few days, Reinhard Kirchmeir is no longer.
