The Fischer and Lang families will takeover 100 % of the JM Holding and thus of RENOLIT SE while the Müller and de Alvear families will takeover 100% of RKW SE. This new ownership structure still has to be approved by the antitrust authorities and should be completed soon in 2019. The parties agreed on confidentiality regarding details of the transaction, especially the value of the settlements.
The RKW Group is an independent, family-owned company and one of the world’s foremost manufacturers of excellent film solutions. RKW is the market leader in the areas of hygiene and agricultural films, films for the beverage industry and packaging for powdery goods. In addition, the company makes films and nonwovens for medical applications, for the chemical and converting industries as well as for the construction sector.
In the fiscal year 2018, RKW generated total sales of EUR 878 million. About 3,000 employees process 367,000 tonnes of plastic materials at 20 locations around the world.
The RENOLIT Group is a globally-active specialist for high-quality plastic films, sheets and other plastic products. With more than thirty locations in over twenty countries, and with annual sales of EUR 1,031 billion in fiscal year 2018, the company with headquarters in Worms – nearly fifty km northwest of Heidelberg – is one of the world’s leading plastics product manufacturers. Over 4,700 employees continue to further develop the knowledge and expertise gained from over seventy years of business.
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