Rettig acquires Hewing, a producer of high quality PE-Xc pipes
Rettig finalises acquisition of Hewing
Rettig has signed a share purchase agreement with Uponor, the owner of Hewing GmbH, Ochtrup, Germany.
As a consequence, Rettig will become 100% owner of Hewing, a producer of high quality PE-Xc pipes.
The transaction is subject to competition authorities’ approval.
„With Hewing we acquire a company which with its expertise and its experienced employees fits perfectly into the future strategy of Rettig ICC“ says Markus Lengauer, CEO of Rettig ICC.
Hewing GmbH was founded in 1974 in Ochtrup, Germany, where it produces high quality PE-Xc pipes and multilayer pipes for surface heating, radiator connections and potable hot water systems. In 2011, Hewing registered a turnover of around EUR 50 million. The average number of employees is 230.
Hewing is one of the leading manufacturers for PE-Xc pipes and MT-multilayer pipes and is also known for its state-of-the-art in-house laboratory and test facility centre.
Hewing will continue to focus on the requirements and demands of system clients in the sanitary and heating business and further concentrate on OEM customers.
Rettig ICC intends to keep the mainly independent structures of Hewing and plans to transfer its currently externally produced volumes for pipes to Hewing.
The acqusition will enable Rettig ICC to grow from a sole supplier of UFH-systems to an innovative producer, extending its offering for high quality UFH solution systems for all markets.