Daetwyler to sell cable unit; focus on seals, medical packaging

ERJ staff report (DS)

Altdorf, Switzerland — Datwyler Group is streamlining its Group structure and will now focus on high-growth, high-margin businesses. The company is selling its troubled cable unit and will now focus on its sealing activities and pharmaceutical packaging. The company is also planning to issue straight bond of approx. CHF 100 million to 150 million (euro 83 million – 125 million) to fund additional growth.

The company’s existing Sealing Technologies and Pharma Packaging Divisions will be combined to form the new Sealing Solutions Division,…

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