HOBAS
EU gives go-ahead for merger with Amiantit / Pipe manufacturing activities in Europe
On 4 August 2017, the European Commission gave formal approval for Hobas (Klagenfurt / Austria; www.hobas.com), Flowtite (Sandefjord / Norway; www.flowtite.com) and Amiantit (Dammam / Saudi Arabia; www.amiantit.com) to merge their European activities (see Plasteurope.com of 23.12.2016). By the end of August, the companies will be brought together under a holding company in which Hobas' owner Wietersdorfer (Klagenfurt; www.wietersdorfer.com) and Amiantit each hold 50% of the shares.
The joint venture, headquartered in Klagenfurt, will start operations at the beginning of September.
The joint venture, headquartered in Klagenfurt, will start operations at the beginning of September.
15.08.2017 Plasteurope.com [237629-0]
Published on 15.08.2017
German version of this article...