Skip to main content
Sister Publication Links
  • Rubber & Plastics News
Subscribe
  • My Account
  • LogIn
  • News
  • Technology Focus
    • Features
    • Technical Papers
    • Analysis: Rubber mixing plants of the future
      Analysis: US probes dumping by ESBR suppliers
      Opinion: Tire labels stuck in a rut
      Analysis: NR pricing takes one step forward, two steps back
    • White paper: Role of tire innerliners in improving 'in-use rolling resistance'
      White paper: Why tire air retention matters now more than ever
      Nippon Soda: Use of 1,2-polybutadiene in CSM rubber applications
      Elastomers for Sustainability Top 10
  • Events
    • ERJ Events
    • ERJ Livestreams & Webinars
    • Industry Events
    • Journey to Automation Awards 2020
      Sustainability: Top 10 E4S projects table
  • Maps & Reports
  • People
  • Directory
  • Digital Edition
  • Brainiac
MENU
Breadcrumb
  1. Home
  2. News
June 13, 2018 12:00 AM

Equistone selling tire equipment maker Karl Eugen Fischer

Patrick Raleigh
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    The deal involves Equistone, which acquired Karl Eugen Fischer in August 2013, selling its stake to DBAG Fund VII, managed by Deutsche Beteiligungs AG.

    Management will retain a shareholding in the company, added Equistone, thought it said financial terms of the deal were not being disclosed.

    Founded in 1940 in Burgkunstadt, Germany, Karl Eugen Fischer manufactures cord-cutting machines for the global tire industry.

    The company began developing cutting and pressing machines in 1949 and has produced tire-cord-cutting machines since the mid-1970s.

    “With a market share of 70%, the company is the world-leader in this segment and supplies the majority of the market’s leading tire manufacturers,” said Equistone.

    Since its investment in 2013, Equistone said it has supported the expansion of Karl Eugen Fischer’s workforce in Burgkunstadt, which has grown from 490 to around 550 employees.

    “Since Equistone’s investment in 2013, the functionality of the machinery has improved and there has been a steady increase in its level of automation,” said Dr Marc Arens, partner at Equistone.

    The company has also extended its servicing business and broadened its international customer base, he added.

    “We are confident that Deutsche Beteiligungs AG is the right partner for Karl Eugen Fischer to ensure its continued success going forward,” concluded Arens.

    RECOMMENDED FOR YOU
    Trelleborg acquires Dutch composite hose supplier
    Trelleborg acquires Dutch composite hose supplier
    Conti hose & line unit zeros in on low-emission mobility
    Conti hose & line unit zeros in on low-emission mobility
    Cabot expands sustainable rubber operations in Malaysia
    Cabot expands sustainable rubber operations in Malaysia
    Free Newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Get the latest news impacting the European rubber industry, from breaking news to razor-sharp analysis, in print and online.

    Subscribe now
    Connect with Us
    • LinkedIn
    • Twitter
    • Youtube

    Logo
    Contact Us

    @ 2019 European Rubber Journal. 
    European Rubber Journal is published bi-monthly by NUERJ Ltd.

    Registered Office: Castle House, 89 High Street,
    Berkhamsted, Hertfordshire HP4 2DF, United Kingdom. 

    Tel. + 44 (0)203 196 0141 

    Registered No. 13104613 England

    Email: [email protected]

    Website www.european-rubber-journal.com

    Customer service 

    Tel. + 44 (0)203 196 0141 

     

    Resources
    • About us
    • Contact Us
    • Advertise with Us
    • Media Kit
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
    • Technology Focus
      • Features
      • Technical Papers
    • Events
      • ERJ Events
      • ERJ Livestreams & Webinars
      • Industry Events
    • Maps & Reports
    • People
    • Directory
    • Digital Edition
    • Brainiac