Following a long and intense planning phase, IVOSTUD GmbH has announced the purchase of both the welding stud section and the end customer business of the old-established company OBTEC, strengthening its market position as a specialist supplier to the automotive industry.
Being a 100% affiliate of the company group OBO Bettermann founded in 1911, OBTEC possesses a long-term expertise and manufacturing high-quality fastening elements for both industrial and automotive end markets.
By the acquisition, IVOSTUD – being part of parent company Doncasters – expands its production capacities and therefore strengthens its market position in the automotive industry in the stud welding technology sector. The current staff of the OBTEC section will remain in the company.
“We are very happy to welcome both staff and clients of this well established welding stud manufacturer to IVOSTUD and confidently look ahead towards a production intensive and innovative future,” explains Dietmar W. Guttroff, general manager at IVOSTUD.
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
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