REMA TIP TOP AG has acquired a significant interest in COBRA Group/DEPREUX, a specialist in the manufacture of conveyor belts and accessories for the mining and other sectors. “The acquisition brings new perspectives for cross-industry growth in the field of conveying equipment for both companies….the French company is characterised by its many years of experience in the manufacture of high-quality conveyor
belts.” COBRA is one of the largest companies in the world in the mining business. In addition to the company’s headquarters in Luxeuil de Bains, COBRA has production facilities in France, Poland and China.

“Highly specialised belt constructs and rubber compounds, combined with a broad range of services, are differentiation factors in the field of conveying and are seen as being the main key for overall management of transport systems. Given the background of continually increasing demands on the efficiency of modern systems, comprehensive management of conveying equipment is more and more the value driver in manufacturing and
mining as well as in preparation and processing.”

“Due the ongoing global increase in demand for raw materials and energy, the conveyor belt market is also strongly growing. Particularly in regions with strong mining operations such as South America, Australia, Southeast Asia, China and India, the market demands a strong global full-range supplier with a tailored product portfolio and a broad spectrum of integrated operational services” notes Michael Labbé, Member of the Board at
REMA TIP TOP.

“The acquisition of COBRA/DEPREUX is an important step in the strategic alignment of our company towards becoming a full-range service provider” comments Patric Scheungraber, REMA TIP TOP Board Member. “Both companies will in the future cooperate closely and profit from the jointly existing service, application and product knowledge, but will continue to operate independently on the market with regards to their product and portfolio policies.”

The statement said that thanks to this closer cooperation, both companies will in future be able to offer even stronger service capabilities combined with high-quality products. Customers will profit from an expanded and comprehensive single-source solutions portfolio. “For COBRA/DEPREUX, this is the right way to achieve stronger international expansion of our business. Moreover, REMA TIP TOP has a worldwide organisation and a global service network with an own presence – important for us. We will profit from this” observes Edgar Mansour, Managing Director and co-owner of COBRA/DEPREUX.