Von Roll Holding AG: Sale of Von Roll Austral, Inc. North America
The Von Roll Holding AG is selling one of a total of four locations in the USA, and is thereby consistently continuing the realignment initiated in the past year.
Dr. Christian Hennerkes, CEO: “The sale of our subsidiary Von Roll Austral marks another important step in focusing on our more profitable core areas. We are thus parting with a peripheral activity, which is neither sufficiently scalable in the short and medium term nor in line with our future profitability targets. ”
Von Roll Austral in Douglasville now employs about 40 employees and produces various wire products for smaller repair shops as well as for competing wire producers to cover peak loads.
All other activities of the Von Roll Group in the wire business, particularly in France and India, are continued unaltered and expanded further in attractive special segments.
About Von Roll Holding AG: As a Swiss industrial company, Von Roll Holding AG focuses on products and systems for power generation, transmission and distribution. Von Roll is a global market leader for electrical insulation products, systems and services and has a worldwide presence in 29 sites with around 1,700 employees.
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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/.