Hamburg-based ATH Altonaer-Technologie-Holding – owner of Kroenert – and Coatema Coating Machinery, have signed an agreement under which ATH will take over all shares of Coatema.
Kroenert and Coatema are manufacturers of machinery and systems in the coating and converting industry. Merging the companies under the umbrella of ATH will create a group ‘with a comprehensive product portfolio of coating applications and a high degree of innovative power’, according to a statement.
Both companies and brands will remain independent and continue to operate from their respective headquarters. Detlev Dieke and Dr Andreas Giessmann will also retain their positions as managing directors of Coatema.
Dr Tarik Vardag, managing director of ATH and Kroenert, said: ‘As a leading manufacturer of tailor-made coating and laminating lines, this alliance will further consolidate our international market position and, most importantly, it will set new technological standards. We are particularly impressed by the product range and the innovative power of Coatema, significantly boosted through close networking with research and development centers. Kroenert and Coatema are an ideal match and I greatly look forward to our future collaboration.’
‘The integration of Coatema in the ATH Group creates a product range which is unique on the market in the world of coating. Customers are provided with comprehensive support, from research to laboratory facilities to large-scale production systems and special-purpose machinery. We are pleased to now be a member of the ATH Group and thus be able to apply our combined know-how to offer solutions to a wide variety of industrial sectors,’ added Dr Andreas Giessmann, managing director of Coatema.