Rhenoflex to run as a stand-alone company
07/04/2015
Following a decision to focus on fertilizers and food ingredients, ICL has sold Rhenoflex to a German investment group. Its management team, with Rainer Gruber at its head, will now run Rhenoflex as a stand-alone company.
It will continue to run its production, research and development, sales and marketing activities at its headquarters in Ludwigshafen and has said its mid-term planning includes “substantial investment” to secure further growth and to boost its global presence.
On making the announcement, Rhenoflex said it feels sure that its new-found freedom from the “internal limitations of a listed multinational enterprise” will give it additional flexibility to bring new materials to the footwear market.
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