Cobar Group officially becomes part of Balver Zinn
3 October 2007
News
The Cobar Group officially became part of Balver Zinn recently, with the final full transfer of ownership of Cobar to the non-ferrous metals producer headquartered in Balve, Germany. The intended merger was first announced in March 2007 with the signature of a Letter of Intent (LOI) relating to Cobar joining the Balver Zinn Group. The conclusion of the agreement realises a transfer of full ownership of Cobar to Balver Zinn. As a member of the Balver Group, Cobar will lead the future development of solder paste, solder fluxes and related products, while Balver Zinn will continue to focus on the metallurgy of the solder materials.
Josef Jost, managing director of Balver Zinn, commented: "Our merger with Cobar strengthens our product range by adding world-class solder paste, solder fluxes and other products. This new partnership provides strong opportunities for future growth of the entire Balver Zinn Group. We will enjoy the teamwork with our new family members."
With a consolidated annual turnover exceeding Euro 70 million, the new partnership positions Balver Zinn as one of the largest suppliers of solder materials in Europe. Each member of the group will continue to use its own manufacturing infrastructure, marketing network and brand name.
The acquisition price has not been disclosed.
www.balverzinn.com
Further reading:
From the Editor's desk: Growth through inclusivity
Technews Publishing
News
As the engineering fields in South Africa continue to make progress toward gender equality, we are finally starting to see the presence and contribution of women in engineering and industrial roles.
Read more...
KITE 2025 proves its value
News
The KwaZulu-Natal Industrial Technology Exhibition (KITE) 2025 confirmed its place as KwaZulu-Natal’s must-attend industrial event, drawing thousands of industry professionals.
Read more...
Otto Wireless Solutions announces promotion of Miyelani Kubayi to technical director
Otto Wireless Solutions
News
Otto Wireless Solutions is proud to announce the promotion of Miyelani Kubayi to the position of technical director, effective 1 August 2025.
Read more...
DMASS experiences continued slowdown
News
The European electronic components distribution market continued its downward trajectory in the second quarter of 2025, according to new figures released by DMASS.
Read more...
World-first zero second grid-to-backup power switch
News
JSE-listed cable manufacturer, South Ocean Electric Wire, has completed a solar installation it says marks a global first: a seamless switch from grid to backup power in zero seconds.
Read more...
News
OMC deploys cobots to improve throughput 10x, while maintaining quality and ensuring consistency of fibre optic production.
Read more...
Cobots for opto production line
News
OMC deploys cobots to improve throughput 10x, while maintaining quality and ensuring consistency of fibre optic production.
Read more...
SACEEC celebrates standout industrial innovation on the KITE 2025 show floor
News
Exhibitor innovation took the spotlight at the KITE 2025 as the South African Capital Equipment Export Council announced the winners of its prestigious New Product & Innovation Awards.
Read more...
SA team for International Olympiad in Informatics
News
The Institute of Information Technology Professionals South Africa has named the team that will represent South Africa at this year’s International Olympiad in Informatics.
Read more...
Anritsu and Bluetest to support OTA measurement
News
Anritsu Company and Sweden-based Bluetest AB have jointly developed an Over-The-Air measurement solution to evaluate the performance of 5G IoT devices compliant with the RedCap specification.
Read more...
printer friendly version