Business succession for the REX Technical Articles SA

News Fidinam & Ramus

The succession planning of Swiss REX Articoli Tecnici SA (“REX”) has been successfully implemented through the integration into the French Borflex Group (“Borflex”), an important group producing rubber, thermoplastic and composite technical articles. Ramus & Fidinam SA acted as exclusive M&A advisor to REX.

Through this acquisition, the group becomes an important player in the European rubber sector, counting over 330 people in its workforce.

Both on a product and on a market level, the two companies are  synergic and complementary. Combining R&D capabilities, the group shall guarantee world-leading quality and innovation standards. REX production site in Mendrisio will be further strengthened and will act as a center of expertise and production of natural rubber products for the entire group.

REX (www.rex.ch) has been active in the chemistry and elastomer sector since 1935 and has always played a key role in the technical articles field. Important solutions are represented by applications in rail infrastructure successfully used on a global level. The anti-vibrating elements mounted in the base tunnel of “San Gottardo” are applied in many projects all over the world. In the bicycles sector REX has distinguished itself for the development and production of the SwissStop brake pads and disc brakes.

rex 

Borflex (www.borflex.com) is a renowned French group with 9 production sites, whose products range from large scale rubber elements to profiles in elastomeric material and includes composite materials. Borflex serves a wide range of customers and industries, and has a consolidated experience in supplying TGV-train profiles, seals for dam and other fluvial related constructions.

borflex

Marco Favini, former Chairman of REX:
“After 45 years of activity, I’m proud to transfer a healthy and growing company. Over the years we invested a lot in technology and R&D, reaching a leading position in different fields. I’m sure that through the integration into Borflex Group, Mendrisio production site will further shine for its technical expertise and I don’t exclude that additional job opportunities will be created within the region.”

Olivier Quintin, CEO of Borflex:
“Through the integration of REX into Borflex group, we will be able to achieve a leadership position in the rubber, thermoplastic, and composite materials sectors at European level. This step represents an important move for our internationalization process and brings to our group an additional range of products to maximize the value of our offering.”

 

Role of Ramus & Fidinam

R&Fi has led the sales process as exclusive M&A advisor to REX. In this function, R&Fi has prepared the sales documentation, identified the industrial partner, led the negotiations and due diligence work and finally supported during Signing & Closing procedures.
For R&Fi acted a team composed by Andrea Nessi (Managing Partner) and Andrés Zweig (Senior Partner).

Never miss our updates!