REMA TIP TOP has increased its stake in COBRA
Group/DEPREUX to 100%. The complete takeover of
COBRA, a specialist in the manufacturing of conveyor belts
and accessories for the mining, food, agricultural, packaging
and logistics sectors, allows REMA TIP TOP to further
strengthen its global conveyor technology business.
“We are the global number one in the tyre repair and
surface protection areas of our business divisions. Now, we
are focusing on stabilizing our position among the top three
in the field of conveyor technology,” says Thorsten Wach,
CEO of REMA TIP TOP. “We are ahead in the conveyor
technology sub-area wear protection. The complete takeover
of the COBRA group now further increases our capacities in
the area of conveyor belts.”
With the REMA TIP TOP service offering in combination
with Dunlop Belting Products South Africa from the site in
South Africa, the company directly addresses mine operators.
COBRA will continue to act independently in the market,
directly addressing service providers. “We make use of
synergies by pooling purchasing volumes or central functions
like quality management or IT,” explains Thorsten Wach.
“Apart from that, COBRA remains autonomous. We want to
preserve its entrepreneurial agility and provide the company
with the necessary independence.”
REMA TIP TOP will invest into the expansion of COBRA’s
production capacities and the modernization and extension of the distribution network and open up additional cross-
industry perspectives for the company in Europe, in the USA,
China and Asia-Pacific. Headquartered in Luxeuil-les-Bains in
France, the COBRA group operates production sites in
Poland, France and China. In the past fiscal year, the company
employing 500 people generated sales of approximately
US$100 million. Both companies have agreed not to disclose
financial details of the transaction.
ABOUT REMA TIP TOP
REMA TIP TOP AG is a globally operating system provider of
services and products in the field of conveying and treatment
technology as well as in the automotive sector. The company
provides a global service network and offers a broad range of
rubber products, linings and coatings for the industrial sector
as well as for repairing tyres.
In almost 100 years of corporate history, the company
gained unique expertise in material development and
industrial services and is active in the business segments
Material Processing, Surface Protection and Automotive.
By the end of financial year 2015, REMA TIP TOP has
generated sales of more than €800 million.The company
employs more than 5,500 people and has more than 140
subsidiaries and participations — including notable brands
like Dunlop Belting Products South Africa, Cobra/Depreux or