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Techno-Pysik expands with the acquisition of new technology and new customers
The Techno-Physik Group based in Essen has struck a share deal at the beginning of June to acquire a 100% interest in Hoffmann Wärmedämmtechnik GmbH. The acquisition of this business based in Werdohl in the Sauerland, Germany, provides Finatem III’s portfolio company with access to technologies it was previously unable to offer, as well as broadening its customer base.
Hoffmann WDT, in common with Techno-Physik, specialises in particular in vermiculite-based insulation products. Hoffmann’s production method, which involves compressing and moulding the vermiculite insulating material to customer-specific designs, is particularly well suited to large unit numbers, for example for boiler combustion chamber cladding components. By contrast, Techno-Physik mills the vermiculite fire-proofing sheets to meet customer requirements - the preferred method for small and medium unit numbers.