Teufelberger completes New England Ropes acquisition
By IBI Magazine/Lars-Åke Redéen
Wels, Austria-based Teufelberger has completed the acquisition of New England Ropes as of July 1, 2007. Teufelberger operates five plants in Austria, the Czech Republic and the US and has three distinct business units: Fibers & Plastics; Wire Rope, and Fiber Rope.
Besides its commercial products made for different industries, Teufelberger also manufactures performance yacht braids under the brand name FSE Robline, as well as plastic strapping and yarns, personal safety devices, steel wire ropes and related products under the Teufelberger brand.
With the New England Ropes acquisition, Teufelberger employs over 700 employees and exports to over 90 countries including Germany, France, the UK, Italy, Japan and Switzerland.
For the marine business Teufelberg is mostly known for its brand name FSE Robline. The merger of the two companies provides them with better opportunities to serve the marine industry, says New England Ropes in a press release.
(23 July 2007)
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