Neschen Coating, a subsidiary of Blue Cap, has taken over the business operation of Neschen. The new company has taken over the complete Bueckeburg staff and will continue operations to the full extent and without a transitional period.
Due to failures in Neschen’s operational structure during the past years the company had to file for insolvency under self-administration in July 2015.
In the course of the takeover by the new parent Kai Tittgemeyer was appointed as managing director of Neschen Coating. As one of his first measures he wants to expand research and development at Neschen to develop new products for graphics, documents and industrial markets.
Dr. Hannspeter Schubert, CEO of Blue Cap, added: “We have been watching Neschen for many years and now we are very pleased to enhance our brand portfolio with Neschen and Filmolux. Last but not least Neschen is the perfect addition to the Blue Cap adhesives companies Planatol and Biolink. The resulting synergies will have a positive impact on customers.”
Around 300 employees of the brands Neschen and Filmolux generated an annual turnover of approximately 60m Euro in 2015.