Two industrial suppliers bundle their strengths
SEON/ AESCH - As of 1st April 2018 ESTECH Industries Holding AG has integrated Angenstein AG, which is specialised in mechanical processing and welding of demanding components. With this merger, ESTECH Industries Holding AG has become one of the most important Swiss supplier companies and full service providers in the branch. The management staffs of both companies are convinced, that in the future they can serve their customers more efficiently and better with a wider range of products and greater support.
With Angenstein AG, ESTECH Industries Holding AG has increased its portfolio of successful, medium-size industrial companies in the metal processing sector. This widens the offerings of the group to include processing and qualified welding of stainless steels, thus entering a new segment in the processing industry. With Angenstein AG as an affiliate, ESTECH Industries Holding AG has strengthened its position as a full range provider over the entire supply chain for the metal industry. This step is also a clear commitment to Switzerland as a production site.
The merger of the two companies is being accomplished within the scope of the long-term succession strategy of the Helfenstein family as previous proprietor of Angenstein AG. “This early succession solution provides security for our employees and customers. As part of a larger group we appreciate growth opportunities and strengthen the development of the company”, explained Martin Helfenstein, Business Manager of Angenstein AG.
The merger includes an exchange of shares, whereby the Helfenstein family will be a new addition to the shareholders of ESTECH Industries Holding AG. 100% of Angenstein AG’s stock capital will be taken over by ESTECH Industries Holding AG. The merger was realized on 1st April 2018.