Adler Pelzer (Hagen / Germany; www.adlerpelzer.com) said contracts have been signed for the acquisition of compatriot commercial vehicle and passenger car supplier STS Group (Hallbergmoos; www.sts.group) announced in March (see Plasteurope.com of 24.03.2021). The voluntary takeover bid for all outstanding shares stipulates a delisting from the Frankfurt Stock Exchange; the company joined the bourse under previous owner Mutares (Munich / Germany; www.mutares.de) in 2018. However, no final decision has yet been taken by the relevant bodies.

At the same time, Mathieu Purrey, the STS CEO appointed by Mutares, is to depart with immediate effect. The STS supervisory board and its chairman Wolf Cornelius has instead reappointed Andreas Becker, who led the company between 2013 and 2020.

In 2020, Adler Pelzer generated an EBITDA of EUR 137.6m (up 6.7% year-on-year) from sales of EUR 1.17 bn (down 18%). Company management, led by CEO Pietro Lardini, attributed the positive earnings development mainly to cost-cutting and a revaluation of the STS acoustics division acquired last year. In addition, business witnessed a strong recovery in the second half of the year. In the first quarter of 2021, the figures improved further, with sales up 12% against the relatively weak year-earlier period, and EBITDA rising by a third; both cases exclude the recent acquisition of Faurecia (see Plasteurope.com of 25.02.2021).