Atlas Holdings to Acquire REHAU Automotive
Atlas Holdings (“Atlas”) announced today the signing of a definitive agreement to acquire REHAU Automotive from the REHAU Group. The transaction is expected to close by the first quarter of 2025 following the completion of customary closing conditions and regulatory approvals.
REHAU Automotive, a trusted partner to international vehicle manufacturers, develops, manufactures, and supplies high-quality exterior, bumper, and polymer functional systems. With a workforce of 7,000 employees across 25 locations in nine countries, REHAU Automotive is committed to making polymer solutions for the automotive industry lighter, safer, and more sustainable. REHAU Automotive is currently part of the global REHAU Group, which employs around 20,000 people and generates annual sales exceeding 4.5 billion euros. Following the closing of the transaction, the REHAU Group will continue to own a minority ownership stake in the REHAU Automotive business.
“We believe that Atlas Holdings is the ideal buyer for REHAU Automotive and we are excited to continue to participate in the business through our continued ownership stake. This strategic transaction will enhance the future of REHAU Automotive and enable it to better serve its customers,” said Dr. Harald Vogelsang, CFO of the REHAU Group.
Jacob Hudson, Managing Partner of Atlas Holdings, added, “The REHAU Group has done a remarkable job of building REHAU Automotive into a premier supplier of polymer solutions. We are excited to build upon this foundation and work to take REHAU Automotive to the next level in continued partnership with the REHAU Group.”
About Atlas Holdings
Headquartered in Greenwich, Connecticut and founded in 2002, Atlas and its affiliates own and operate 26 companies, which employ more than 50,000 associates across 350 facilities worldwide. Atlas operates in sectors such as automotive, building materials, capital equipment, construction services, food manufacturing and distribution, metals processing, packaging, paper, power generation, printing, pulp, supply chain management and wood products. Atlas’ companies together generate approximately $16 billion in revenues annually.
About REHAU Group
It is more than 100 years ago that the origins of today’s REHAU Group were laid with the beginnings of the Fränkische Lederfabrik in 1907. The actual REHAU company was founded in 1948 by Helmut Wagner, with a visionary spirit and entrepreneurial courage in the difficult post-war years. Since then, the REHAU Group has developed independently into an influential, global group with more than 20,000 employees who passionately work to create innovative solutions for the Automotive, Construction, Furniture, Industrials, Materials, Medical and Ventures sectors.