20 Feb Woollard & Henry Acquire Lipex GmbH
Ownership change for Lipex Engineering GmbH
Scottish engineering company Woollard & Henry has acquired the assets of the Lipex Engineering GmbH from Eniclay Group and formed a new company called WH LIPEX LTD. This company as a part of Woollard & Henry will continue to serve international glass and basalt fibre industry.
LIPEX Anlagentechnik und Handel GmbH was originally founded in 1975 and has been a preferred supplier of machinery, equipment and technology for the production of industrial glass fibres. LIPEX is a specialized engineering service provider that conceptually plans both single production lines and complete manufacturing facilities or plants, also as general contractor for the production of industrial glass fibres and creates the necessary designs and provides technology. LIPEX has also strong experience in glass and sizing chemistry for both basalt and glass fibres. WH LIPEX LTD will continue to provide its worldwide customers high quality service and technology in the field of glass fibre industry.
Woollard and Henry’s acquisition of LIPEX, follows the acquisition of a major shareholding in the German machine builders, Pama GmbH. The collaboration and new group structure will allow better access to product development and manufacturing facilities enabling Lipex customers to take advantage of the greater synergies while improving their business, which is one of the core values of the new company.
Woollard & Henry is Scottish based employee owned company founded in 1873. Main business sectors for W&H are paper and energy industry and with the acquisition of LIPEX allows W&H to further diverse it’s activities into glass and basalt fibres. With strong experience in specialty paper engineering W&H can help LIPEX improve their nonwoven tissue and chopped strand mat technology for the future.
Currently WH LIPEX LTD is working on projects throughout Europe, Asia and Middle-East.
WH LIPEX LTD will continue to serve customers worldwide from Puchheim, Munich area in Germany.