Selters-based Sch tz GmbH & Co. KGaA has announced the acquisition of Euro-Composites S.A. (EC Group), an internationally recognized leader in advanced composite materials. The transaction, which is pending final antitrust approvals expected shortly, includes EC Group operations in Luxembourg (Echternach), the United States (Culpeper), and Germany (Bitburg), with a workforce of around 1,000 employees, all of whom will be fully retained. The existing management team will also remain in place to continue leading the business in close cooperation with the Sch tz Group.

Company founder Rolf Alter, who established EC Group more than four decades ago, is stepping down from active management and entering retirement. After an eternity of leadership responsibility and with all my passion, I am truly delighted to have found an excellent succession solution for my life s work. I am convinced that Euro-Composites will continue to grow and thrive within this new framework, Alter said.

The Sch tz Group outlined its strategic plans to reinforce EC Group s market position through targeted investments in innovation, R&D, and global sales expansion. Employees across all locations have been informed of the succession plan, with the companies emphasizing a smooth integration process and a continued focus on the values of quality, innovation, and reliability.

Source: www.euro-composites.com