REMA TIP TOP strengthens position in conveying equipment market

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, food, agricultural, packaging and logistics sectors. The acquisition brings new perspectives for cross-industry growth in the field of conveying equipment for both companies. The two companies have agreed to keep the financial details confidential.

COBRA / DEPREUX is one of the world's leading manufacturers of conveyor belts and related accessories. The French company is characterised by its many years of experience in the manufacture of high-quality conveyor belts. It possesses a broad user base of renowned customers in the fields of mining, foodstuffs, agriculture, packaging and logistics. COBRA is one of the largest companies in the world in the mining business. In Europe, it is the largest supplier of conveyor belts for the food industry. 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.

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.

Adapted from press release by Joseph Green

Read the article online at: https://www.worldcement.com/asia-pacific-rim/06112015/rema-tiptop-strengthens-position-conveying-equipment-933/