Adler Plastic acquires full ownership of HP Pelzer

Italy’s Adler Plastic has acquired full ownership of German company HP Pelzer, to create an automotive components powerhouse, Adler Pelzer, with 62 plants in 21 countries, more than 10,000 employees and a turnover in 2015 of €1.15bn.

Founded in 1969 in Witten, Germany, family-owned HP Pelzer expanded into a global organisation that at its peak was producing more than 350,000 automotive parts a day, with insulation materials accounting for 40% of its output, carpet 30%, trim parts 20%, and miscellaneous automotive and non-automotive materials the remaining 10%.

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Posted by Geoff Fisher on 4 May 2016

 

 

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