Voestalpine Rotec GmbH (Metal Forming Division) took over the KTL facilities of the Romanian company Barum Technik, based in Timisoara, a press release informs.
The company will operate under the Voestalpine Rotec Coating SRL trade name and has about 160 employees.
Through this acquisition in the field of surface painting, Voestalpine Rotec develops its added value chain.
With the new subsidiary in Romania and the new location in Mexico, Voestalpine Rotec Group is expanding to 9 companies with approximately 1,500 employees in 12 production locations.
Barum Technik Company was founded in 1994 and its main activity consists in powder coating with powder dyes, and KTL coating of metal components.
Last year, the company had a turnover of RON 21.3 million and a profit of over RON 3 million. At the end of 2016, Barum Technik had 182 employees.