Rettig acquires Hewing
Rettig has signed a share purchase agreement with Uponor, the owner of Hewing GmbH, Ochtrup, Germany. As a consequence, Rettig will become a 100% owner of Hewing, a producer of high quality PE-Xc pipes. The transaction is subject to competition authorities’ approval.
Hewing is one of the leading manufacturers for PE-Xc pipes and MT-multilayer pipes and is also known for its state-of-the-art in-house laboratory and test facility centre. All products are OEM products and produced for system suppliers.
In 2011, Hewing registered a turnover of around EUR 50 million. The average number of employees is 230. “Hewing with its expertise and its experienced employees fits perfectly into the future strategy of Rettig ICC. It will enable Rettig ICC to grow from a sole supplier of UFH systems to an innovative producer, extending its offering for high quality UFH solution systems for all markets” says Markus Lengauer, CEO Rettig ICC.