Jakob Müller AG Expands Its Business Operations; Takes Over Benninger AG

FRICK/UZWIL, Switzerland — August 16, 2016 — On August 15, JMBT Beteiligungen AG acquired 100-percent of the share capital of Benninger AG from Benninger Holding AG. With this acquisition Jakob Müller AG is expanding its position in the textile finishing sector.

As a result of its integration in the Jakob Müller Group, Benninger will benefit from the sound structures and common ground with regard to technology, production and sales and can therefore extend its operations.

With this acquisition, Jakob Müller AG will be able to expand into an associated business field and profit from Benninger’s know-how in respect to textile finishing.

In 2015 the Benninger Group workforce totalled around 330 employees, 110 of these in Switzerland.

As the technological and market leader, the Swiss company develops, produces and sells textile finishing systems as well as systems for tire cord production around the world. Its cus- tomers are active in the premium segment. Benninger offers integral solutions, which include not only the plant engineering but also the required chemical processes. The products are very well positioned for fulfilling current and future demands with regard to quality and re- source conservation. The company also has a process automation division including switch cabinet assembly, supplying third parties as well.

JMBT Beteiligungen AG is a 100% subsidiary of Jakob Müller Holding AG and an affiliate of Jakob Müller AG in Frick.

Jakob Müller AG is the parent company of various companies that operate exclusively in the field of narrow fabric looms. In this sector Jakob Müller AG is the global leader with produc- tion facilities in Switzerland, Germany, Czech Republic, Italy, India and China as well as sales offices in all major textile markets.

Jakob Müller Holding AG is family owned and does not publish any figures. Head office is Frick, Switzerland.

Posted August 17, 2016

Source: Benninger AG