- Miba expands its expertise and product portfolio in the highly specialized surface coating segment
- Teer Coatings Ltd. is one of the world's technology leaders in the area of PVD coatings
- Coating expertise is pooled within the Miba Coating Group
Miba, a strategic development partner of the international engine and automotive industry based in Laakirchen, Upper Austria, is taking over the British coating specialist Teer Coatings Ltd., Droitwich, UK, as of April.
“With the takeover of technology leader Teer Coatings we are expanding our expertise and product portfolio in the highly specialized coating segment. This is a key way to foster the innovation and competitiveness of our customers,” says Peter Mitterbauer, Chairman and CEO of the Miba Group.
In July 2009 Miba acquired a 24.9 percent interest in Teer Coatings Ltd.; now the 100 percent takeover follows.
With about 50 employees, the site in Droitwich, UK, specializes in the development and production of friction-minimizing, wear-resistant coatings. Along with small batch and special production, the site focuses on systems engineering as well as research and development. The most recent annual sales figure is approximately 4 million British pounds.
With sites in Vorchdorf, Niklasdorf and now Droitwich, UK, Miba Coating Group specializes in polymer coatings, electroplated overlays and PVD coatings. “We are an active development partner to the international automotive industry. Through the know-how of Teer Coatings we are able to provide our customers with even more comprehensive solutions in the area of friction and scuffing reduction, service life extension, and reduction of parts costs,” says Therese Mitterbauer, managing partner of High Tech Coatings in Vorchdorf.
Teer Coatings will be integrated into the Miba Group and is oriented towards profitable growth through technology leadership.