Rema Tip Top has increased its stake in Cobra Group/Depreux to 100%. The complete takeover of Cobra, a specialist in the manufacturing of conveyor belts and accessories for mining allows Rema Tip Top to further strengthen its global conveyor technology business.
“We are the global number one in the tyre repair and surface protection areas of our business divisions. Now, we are focussing on stabilising our position among the top three in the field of conveyor technology”, says Thorsten Wach, CEO. “We are ahead in the conveyor technology sub-area wear protection. The complete takeover of the Cobra group now further increases our capacities in the area of conveyor belts.”
With the Rema Tip Top service offering in combination with Dunlop Belting Products South Africa from the site in South Africa, the company directly addresses mine operators. Cobra will continue to act independently in the market, directly addressing service providers. “We make use of synergies by pooling purchasing volumes or central functions like quality management or IT”, explains Wach. “Apart from that, Cobra remains autonomous. We want to preserve its entrepreneurial agility and provide the company with the necessary independence.”
Rema Tip Top will invest into the expansion of Cobra’s production capacities and the modernisation and extension of the distribution network and open up additional cross-industry perspectives for the company in Europe, in the USA, China and Asia-Pacific. Headquartered in Luxeuil-les-Bains in France, the Cobra group operates production sites in Poland, France and China. In the past fiscal year, the company employing 500 people generated sales of approximately $100 million.
Rema Tip Top is a globally operating system provider of services and products in the field of conveying and treatment technology as well as in the automotive sector. The company provides a global service network and offers a broad range of rubber products, linings and coatings for the industrial sector as well as for repairing tyres. In almost 100 years of corporate history, the company gained unique expertise in material development and industrial services and is active in the business segments Material Processing, Surface Protection and Automotive.