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REMA TIP TOP, a globally operating system provider of services and products in the field of conveying and treatment technology as well as tyre repair, acquires 100 per cent of shares in H. Gulich’s Nachf. Fördertechnik GmbH (Gulich) headquarterd in Eltingshausen, Bavaria. REMA TIP TOP thereby strengthens its conveying business in Germany.

“By acquiring Gulich, we consequently continue our strategic acquisitions”, Thorsten Wach, CEO of REMA TIP TOP, states. “We expand our network and strengthen our portfolio. REMA TIP TOP and Gulich are both characterized by high standards of quality and service orientation. Thus, we complement each other very well.”

The previous sole shareholder and managing director of Gulich, Peter Klimt, will continue to head the company within the REMA TIP TOP network. All employees will be retained. Peter Klimt comments: “The network of REMA TIP TOP provides Gulich with the ideal environment to continue its successful development. I am convinced that we have reached a milestone for our company today.”

Following numerous acquisitions in the past years, REMA TIP TOP has extensive experience in the integration of additional expertise and new products into a comprehensive service offer tailored specifically to customers’ needs. Gulich will continue to exist as an independent company following the acquisition by REMA TIP TOP.

With an integrated services and product portfolio REMA TIP TOP has established itself as a successful system provider. Approximately 2,300 service staff members are active on six continents. Gulich usefully complements this network. The third-generation family enterprise located close to Bad Kissingen is an established provider of conveying and drive technology in Germany with sales of about EUR 9 million in the past financial year.

The shareholders have agreed to maintain confidentiality regarding the financial details of the investment.

About REMA TIP TOP

REMA TIP TOP is a globally operating system provider of services and products in the field of conveying and treatment technology as well as tyre repair. REMA TIP TOP provides a global service network and offers a broad range of rubber products, linings and coatings for the industrial as well as for the automotive sector. In almost 100 years of corporate history, the company has gained unique expertise in material development and industrial services and is active in the business divisions Material Processing, Surface Protection and Automotive. By the end of financial year 2015, REMA TIP TOP has generated sales of more than EUR 800 million. The company employs more than 5,500 people and has more than 140 subsidiaries and participations – including notable brands like Dunlop Belting Products South Africa, Cobra/Depreux or Asplit. For further information, please visit www.rema-tiptop.com

About Gulich

With more than 60 years of experience in the conveying and drive technology, H. Gulich’s Nachf. Fördertechnik GmbH is an established provider in the Germany market. The company is headquartered in Eltingshausen close to Bad Kissing and offers conveyor belts, conveyor rollers and scraper systems from notable manfacturers and provides a 24h installation service. The employees of Gulich offer customers competent and sound advice regarding the choice of suitable products from the comprehensive offer and support on the integration in existing or new conveying systems.

Press contact:

REMA TIP TOP AG
Marius Schaub
marius.schaub@tiptop.de
+49 (0) 8121 / 707 10265
www.rema-tiptop.com