2013-10-07 12:08:33 - Expansion and growth are an important part of the strategy of Treibacher. The next step to grow was done through the acquisition "Leuchtstoffwerk Breitungen GmbH“ in Thuringia, (Germany). The aim of this acquisition is to strengthen Treibacher´s position as a leading international supplier of Rare Earths.
LWB is an enterprise with a very long tradition in the field of Rare Earth Illuminants. It has been very successful in the industry of fluorescent materials for more than 60 years. Like it is the case for Treibacher LBW is specialized in products with a very high added value. Both companies are working in attractive customers in growing fields like LED manufacturers, medical engineering companies, and manufacturers of displays and brand protection.
"Both companies are manufacturing bespoke powders for highly specific applications. We are targeting synergies especially in the supply of Rare Earths, in innovation and sales. Both companies taken together are looking back back on more than 160 years of knowledge in Rare Earths," explains Mr. Bouvier, Member
of the Board at Treibacher. Leuchtstoffwerk Breitungen has a very established know-how and lots of precisious patents of high importance to enter the illuminant market. "This was the main reason why we acquired LWB", adds Mr. Bouvier. At the acquired company the new owner is also viewed with great expectations. Mr. Limburg, co-owner and one of the managing directors of Leuchtstoffwerk Breitungen points out: "We are very happy about the new opportunities and we will have a by far higher presence with Treibacher on the extremely difficult market for illuminants. We feel in good hands with our new owner."
LWB will not change the operating strategy at the existing facility in Germany. With this acquisition Treibacher grew at 68 new employees. Last year, Leuchtstoffwerk Breitungen had a turnover of around 10 million € and an export rate of around 78 % which is around the same rate as Treibacher.