Waltershausen, August 5, 2015. International industrial partner and supplier for the printing industry ContiTech has acquired the German sleeve and roller manufacturer TEGU Walzen und Sleeves GmbH based in Waltershausen. "With this strategic step, we are continuing to expand our product portfolio for print shops while simultaneously completing our existing product range in the growing market for flexographic printing plates. This will enable us to respond even more effectively to customer requirements in the future," says Dr. Peter Scholtissek, head of the Elastomer Coatings business unit, explaining this strategic step and adding: "All 23 employees will be retained and thus become part of our successful ContiTech location in Waltershausen."
TEGU boasts more than 80 years of experience in the industrial processing of elastomer materials – particularly sleeves, which have been produced since 1994. In the printing industry, they are used in the field of flexographic printing for continuous printing, in the packaging industry for example. TEGU Walzen also manufactures products for industrial applications. As a leading manufacturer and supplier of offset and digital printing blankets, ContiTech has been active with CONTI Laserline flexographic printing plates since 2012.
"ContiTech and TEGU have been working together successfully for two years already. In the future, we want to work together to continue developing this line of business and to drive it forward on an international level. We are pleased that in Olaf Schaller, the former general manager and sales manager, we have a proven expert and specialist in this field on board," adds Stefan Füllgraf, who is responsible for flexographic printing plates at ContiTech.
Continental develops intelligent technologies for transporting people and their goods. As a reliable partner, the international automotive supplier, tire manufacturer, and industrial partner provides sustainable, safe, comfortable, individual, and affordable solutions. In 2014, the corporation generated sales of approximately €34.5 billion with its five divisions, Chassis & Safety, Interior, Powertrain, Tires, and ContiTech. Continental currently employs more than 205,000 people in 53 countries.
The ContiTech division is one of the world's leading suppliers of technical elastomer products and is a specialist in plastics technology. It develops and produces functional parts, components, and systems for machine and plant engineering, mining, the automotive industry, and other important industries. Together with U.S. company Veyance Technologies Inc., which was acquired at the beginning of 2015, ContiTech generated sales of approximately €5.4 billion (pro forma basis) in 2014 and currently employs approximately 43,000 people in 34 countries worldwide.