US company Atlas Holdings have signed an agreement with the Rehau Group to acquire Rehau Automotive. The transaction is expected to close by the end of first quarter of 2025 following the completion of customary closing conditions and regulatory approvals.
Atlas also recently announced their signing of an agreement to acquire SRG Global, who supply injection-moulded, chrome-plated, and painted automotive components. Upon the closing of both acquisitions, Rehau Automotive and SRG Global will join forces as part of a newly formed Atlas platform company. The Rehau Group will hold a stake of about a third in the newly formed company.
Rehau Group President Veit Wagner calls Atlas “the ideal partner for us. The combination of Rehau Automotive and SRG Global will add considerable strength and capabilities as well as yield benefits for customers and employees”. And Atlas Managing Partner Jacob Hudson says Rehau have “done a remarkable job of developing into a premier supplier of polymer solutions. We are excited to build upon this strong foundation and work to take Rehau Automotive to the next level in continued partnership with the Rehau Group”.
Rehau Automotive CEO Markus Distelhoff, for his part, says the new company will “offer a wider product portfolio with an enhanced value chain. Both companies complement each other geographically: Rehau Automotive has a strong presence in Europe, SRG with a strong footprint in North America”.
Headquartered in Greenwich, Connecticut, USA and founded in 2002, Atlas and their affiliates own and operate 26 companies, which employ approximately 50,000 associates across more than 300 facilities worldwide. Atlas operate in sectors such as automotive supply, building materials, capital equipment, construction services, food manufacturing and distribution, packaging, paper, power generation, printing, pulp, supply chain management and wood products. Atlas’ companies together generate around USD$16bn in revenues annually.
Rehau Automotive develop, manufacture, and supply high-quality exterior, bumper, and polymer functional systems for the world’s vehicle manufacturers. Their 7,000 employees at 25 locations in nine countries share a passion for making polymer solutions for the automotive industry even lighter, safer and more sustainable. The Rehau Group comprises five companies: Meraxis, New Ventures, Raumedic, Rehau Automotive, and Rehau Industries. With a total of about 20,000 employees, the Group generates annual sales of over €4.5bn.
