Sale of non-operational land at the Breitenbach site
The Von Roll Group has succeeded in selling the land at the Breitenbach site that has been unused for years. The buyer is Steiner Investment Foundation, which works closely with Steiner AG, one of the largest real estate developers in Switzerland.
The transfer is very attractive for both parties. The land acquired by Steiner Investment Foundation is centrally located in the community of Breitenbach and is therefore suitable for the expansion of residential and commercial space. With the sale, the Von Roll Group realizes a high cash inflow, which will be invested completely for future growth.
The production and administration currently located at the Breitenbach site will stay in full operation on the remaining land in the future.
About Von Roll Holding AG: As a Swiss industrial company, Von Roll Holding AG focuses on products and systems for power generation, transmission, storage and distribution. Von Roll is a global market leader for electrical insulation products, systems and services and has a worldwide presence in 14 sites with around 1,000 employees. The company supplies customers in over 80 countries.
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This press release is based on information currently available. Unforeseeable risks and influences may lead to discrepancies with the statements made here. For more information on the company and its business performance, please refer to the Annual and Semi-Annual Report of Von Roll Holding AG which is available in digital form at https://www.vonroll.com/en/.