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Lenzing Divests Non-Core Businesses

Unloads three businesses in efforts to up focus on fibers.

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By: Karen McIntyre

Editor, Nonwovens Industry

Lenzing AG has made a series of step towards its goal of more strongly focusing on its core business of producing man-made cellulose fibers. The Austrian maker of Tencel and lyocell fibers has announced the sale of  three Lenzing Technik business units.

The Mechatronics business area will be acquired by Melecs, an internationally active switchgear and electronics firm; the Automation/Robotics unit will be sold to cts GmbH, which is active in the fields of energy technology, robotics and automation technology; and the sheet metal business operations will be sold to GER4TECH in September.

All the buyers plan to maintain business operations at the Lenzing site, and their expertise in the respective industries will allow the business units and their employees to leverage synergies and be able to profitably grow in the future, according to the company.

“The entire staff will be retained in all three cases. The business units will continue to operate under a new ownership structure. I am certain that these business units will have a good future with their new owners boasting relevant know-how in the respective industries. For its part, the divestment will enable Lenzing to focus even more on its core business of producing fibers,” says Thomas Riegler, CFO of Lenzing.

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