Possehl to acquire Farrel's rubber machinery business

ERJ staff report (DS)

Lübeck, Germany - Harburg-Freudenberger Maschinenbau GmbH (HF), subsidiary of the Possehl Group, has acquired Farrel Corp US, the company said in a 16 Dec statement.

Farrel, which employs 300 staff in the US, UK, Spain and Singapore, produces batch mixers for the rubber industry.

“By the take-over of Farrel the HF-Group extends its product portfolio and is less dependent on the tire industry,” said Norbert Scheuch, responsible for HF business division.

“Farrel will be integrated into the HF-Group as independent segment. By this acquisition, Harburg-Freudenberger strengthens its market position in the field of rubber mixing technology and consolidates its position as global market leader in this segment after having taken over the mixer manufacturer division of the Italian company Pomini already in January 2007,” Scheuch added.