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The Carbon Company – signed a contract with a strategic investor for the sale of its 100% stake in SGL Rotec GmbH & Co. KG (SGL Rotec).
It has been agreed not to disclose the purchase price or contractual details. The acquisition is expected to be completed by December 31, 2013. Dr. Jürgen Köhler, designated CEO of SGL Group: “As part of the strategic repositioning of SGL Group, we are pulling out of rotor blade production and have sold our 100% stake in SGL Rotec. In future, we will in the carbon fiber business focus more strongly on our core competency of material development and production.” As part of this transaction, the SGL Rotec site in Lemwerder (Lower Saxony), which currently employs approx. 550 people, will be completely acquired. The new owner is planning to expand the production and the site. The new owners will personally present themselves to the employees at the beginning of January. At this time, the new managing director will take over the business activities. As of January 2014, the company will operate under the brand name “Carbon Rotec”. SGL Rotec is a leading, independent built-to-print manufacturer of high-quality rotor blades for wind turbines and can count leading wind turbine producers among its customer base. The Company is a pioneer in the use of new materials such as carbon fibers which, in conjunction with semiautomatic machining technology, allow for lighter, slimmer and at the same time more stable rotor blades specially designed for offshore applications and low-wind areas. For the future, a continued close cooperation with SGL Group as a supplier of carbon and glass fiber materials and regarding the development activities is planned. Existing customer orders will be fulfilled independently of the transaction.Focus on core competencies in the CFC value chainSince its investment in 2008, SGL Group refocused SGL Rotec on the production of large rotor blades with a length of up to 60 meters, additionally investing in state-of-the-art production and process technology. The number of employees has increased from 300 in 2008 to the currently around 550. More information:www.sglgroup.com