Acquisition: REMA TIP TOP strengthens its position in the German conveyor technology market

Founded in 1967, Knapheide was a highly specialized supplier of custom and turnkey hydraulics solutions as well as conveyor belts. Operating a modern and well-equipped production site with experienced employees in Beckum, Germany, Knapheide supplied domestic and international markets. Now the company’s conveyor technology division becomes Gulich Fördertechnik and is thus part of the REMA TIP TOP industry division.

"By acquiring Knapheide’s conveyor technology division, we are significantly expanding our production capacity of high-quality conveyor belts," said Sebastian Wetzel, Managing Director of Gulich Fördertechnik. "We are gaining an excellently equipped production site with experienced employees and are expanding our capacity in the field of assembled conveyor belts, both in the standard range and for cleats and sidewalls."

The production site in Beckum, Germany, will be fully retained as a new branch of Gulich Fördertechnik and the employees as well as machines, inventories and orders will be taken over by Gulich Fördertechnik. Existing and new customers of Gulich Fördertechnik will benefit significantly from the increased production capacity and know-how.