• Production and filling facilities in Noginsk

10/10/2016

The path to further growth is clear

Meffert AG Farbwerke is taking over completely the shares in its Russian subsidiaries

 

Meffert AG Farbwerke has taken over 100% of the shares in its Russian subsidiaries OOO Meffert Production Noginsk and OOO Meffert Polilux. The transaction is taking effect retrospectively as of January 1st 2016. “The path is thus clear for the further growth of the Meffert Group and our strategic commitment in Russia strengthened,” says the Chairman of the Board, Klaus Meffert. The previous partners will continue to be associated with the companies after the takeover and continue to run the businesses together with the German management.

By taking over all of the shares in our operative units in Russia we are endeavouring to extend our strong market position. To this end further investments in the expansion of the storage areas and modernisation of the production and filling facilities in the million range are planned. Furthermore the two companies are to be merged in order to exploit resulting synergy effects.