Frauenthal Automotive in next expansion move

Frauenthal Automotive in next expansion move

Frauenthal Automotive has reached an agreement with Worthington Cylinders GmbH, Kienberg, Austria on all commercial and legal aspects of the full acquisition of the company’s Czech operations. The transaction was completed on October 31st, 2012.

Worthington Cylinders a.s. supplies major European truck manufacturers with Air Tanks used in all air assisted systems. The new subsidiary of Frauenthal Automotive in Hustopeče has 200 employees and recorded last year a revenue of EUR 11.5 million.

The acquisition is in line with the management’s target to focus on strengthening the two existing divisions in the Frauenthal group, and is central in the strategy of Frauenthal Automotive for the years to come. This will enable us to extend our market position and quality leadership in the Air Tank segment and step up further in cooperation with existing and new customers.

The integration of the plant in Hustopeče in the Frauenthal Automotive group is set to begin directly. The company in Hustopece will nevertheless continue to appear as Worthington Cylinders a.s. until the end of 2012. As of 1st of January 2013 a change of the current company name to Frauenthal Automotive Hustopeče s.r.o. is planned.

We welcome our colleagues from Hustopeče, Czech Republic, to the Group!