Felss Group has acquired HMP
Official go-ahead for the acquisition of HMP by the Felss Company Group
© Felss Group GmbH
The Felss Company Group has acquired the two HMP companies Heinrich Müller Maschinenfabrik GmbH and HMP Umformtechnik GmbH from Pforzheim. In the final step of the acquisition process, the transaction has been checked and granted legal approval by the appropriate authorities. This means that the company Heinrich Müller Pforzheim will be an official part of the Felss Group from May 13, 2019, and that the Group will be responsible for the management of both companies from that day on.
The acquisition encompasses all shares of the two HMP companies Heinrich Müller Maschinenfabrik GmbH and HMP Umformtechnik GmbH and the HMP property in the Göppinger Strasse in Pforzheim. Felss will be taking out a long-term lease on the HMP “Im Altgefäll” premises. Both parties have agreed that the purchasing price shall not be disclosed.
In the words of the Management Board of the Felss Group under the leadership of Andreas Egelseder, Dr. Reinhard Pfendtner und Ute Salzbrenner: “With the acquisition of HMP, we are bundling the resources and strengths of two successful, long-established companies. At the same time, we are further increasing the power and pace of our innovative capabilities to prepare ourselves for the fundamental changes within our industry segment and the challenges of the future in the best possible ways.“
Due to the good economic and order situation of the two companies and the consistent growth strategy, jobs and locations will be maintained. "Our goal is to create a strong company together," said the Management Board.
In addition to its expertise in rotary swaging and axial forming, HMP also brings rolling to the Group. This will enable Felss to strategically complement a new business segment and add an innovative process to its portfolio.
Customers and suppliers will also have higher production capacities as well as specific production and process know-how at their disposal as a result of the merger.
Source: Felss Group GmbH