Kaltenbach’s new owners target more growth and innovation

Steel processing machinery manufacturer Kaltenbach announced its new ownership at the International Partners in Steel (IPS) 2017, which is held every two years at its factory in Lörrach in southern Germany.

The family-owned Zobel company, a firm with a mechanical engineering background, has acquired 90% of Kaltenbach.

The deal was fully financed by the new owners and Kaltenbach is now financing its business without banks.

Speaking at the IPS show, Zobel Director Prof. Dr. Noack said, the purchase was made after some in-depth and thorough market survey and analysis, which backed-up their decision to buy. Kaltenbach was found to be outperforming other businesses in the market in all of the relevant categories.

Kaltenbach’s order book is currently 36% above the figure for this time last year and 16% above the company’s annual target.

“Kaltenbach is celebrating its 130th anniversary, and we are now planning for the next 130 years. More innovations are expected in the future to maintain our market leading position.”

Presenting the latest trends in steel processing, IPS 2017 was also attended by 44 partner companies, adding their products to the comprehensive range of services being exhibited.

A full range of Kaltenbach machines was on show including one of the first KDH 1060’s. Designed for steelwork contractors and steel service centres, this machine is said to be the first to combine drilling, milling and sawing all running in parallel operations.

With less downtime and less waiting on other processes to complete, Kaltenbach says customers using this machine could benefit from increased productivity.