September 27, 2016 6:52 PM ET

Industrial Conglomerates

Company Overview of Freudenberg & Co. KG

Company Overview

Freudenberg & Co. Kommanditgesellschaft provides various products and services for the passenger car and commercial vehicle, mechanical and plant engineering, textile and apparel, construction, mining and heavy industry, energy, chemical, oil and gas, medical technology, civil aviation, and rail vehicles sectors worldwide. The company develops and manufactures seals, vibration control technology components, nonwovens, filters, lubricants, specialty chemicals, and medical products. It also offers IT services; and household products under the vileda, O-Cedar, Wettex, Gala, Marigold, and SWASH brands. In addition, the company operates industrial parks. Freudenberg & Co. Kommanditgesellschaft wa...

Höhnerweg 2-4

Weinheim,  69469

Germany

Founded in 1849

34,007 Employees

Phone:

49 6201 80 0

Fax:

49 6201 88 0

Key Executives for Freudenberg & Co. KG

Chief Executive Officer and Member of Management Board
Age: 57
Chief Financial Officer and Member of the Management Board
Chief Executive Officer of Freudenberg Chemical Specialities
Age: 58
Chief Executive Officer of Freudenberg Home and Cleaning Solutions
Chief Executive Officer of Freudenberg Sealing Technologies
Compensation as of Fiscal Year 2016.

Freudenberg & Co. KG Key Developments

Freudenberg to Build HUF 3.9 Billion Plant at Base in Hungary

Freudenberg will build a HUF 3.9 billion plant at its base in Kecskemet (C Hungary). The expansion at Freudenberg Sealing Technologies created 75 jobs, raising headcount at the company to 700. Freudenberg Sealing Technologies reported that the expanded production facility will produce about 9 million seals per month, mainly for the automotive industry.

Freudenberg Seeks Acquisitions In China And Abroad

Freudenberg & Co. KG is looking at merger and acquisition opportunities in China in a bid to expand its product portfolio and diversify its business, a senior executive said on May 18, 2016, China Daily reports. "We are constantly seeing companies as possible acquisitions, because it is part of our strategy to enlarge our footprint and stay ahead of the curve," said Hanno D. Wentzler, the Asia regional representative for Freudenberg. "It is very rare that we shed activities - we only consider buying others both from China and abroad," he said.

Banks Reportedly Hired For TrelleborgVibracoustic's IPO

Trelleborg AB (OM:TREL B) and Freudenberg & Co. KG are moving forward with preparations for a stock market listing of TrelleborgVibracoustic GmbH, two people familiar with the matter said. Citi and Deutsche Bank have been retained to organize a second-quarter Initial Public Offering of TrelleborgVibracoustic, which could be valued at €2 billion - €2.5 billion, they added.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 7, 2016
Vibracoustic GmbH
Merger/Acquisition
December 16, 2015
50% Stake in enmech GmbH & Co. KG and 50% Stake in enmech Hungary Bt.
 

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