Posted August 16, 2016

 

FRICK AND UZWIL, Switzerland – JMBT Beteiligungen AG, a subsidiary of Jakob Müller AG, has acquired 100 percent of the share capital of Benninger AG from Benninger Holding AG, Jakob Müller announced.

 

With this acquisition of Jakob Müller AG is expanding its position in the textile finishing sector.

 

As a result of its integration in the Jakob Müller Group, Benninger will benefit from the sound structures and common ground with regard to technology, production and sales and can therefore extend its operations.

 

With this acquisition, Jakob Müller AG will be able to expand into an associated business field and profit from Benninger's know-how in respect to textile finishing.

 

In 2015 the Benninger Group workforce totaled around 330 employees, 110 of these in Switzerland.

 

Benninger develops, produces and sells textile finishing systems as well as systems for tire cord production around the world. Its customers are active in the premium segment.

 

Benninger offers integral solutions, which include not only the plant engineering but also the required chemical processes. The products are very well positioned for fulfilling current and future demands with regard to quality and resource conservation. The company also has a process automation division including switch cabinet assembly, supplying third parties as well.

 

JMBT Beteiligungen AG is a 100 percent subsidiary of Jakob Müller Holding AG and an affiliate of Jakob Müller AG in Frick. Jakob Müller AG is the parent company of various companies that operate exclusively in the field of narrow fabric looms. In this sector Family-owned Jakob Müller AG is the global leader, with production facilities in Switzerland, Germany, Czech Republic, Italy, India and China as well as sales offices in all major textile markets.

 

Source: Jakob Müller Group