HOBAS - The EU gives go-ahead for merger with Amiantit-Pipe manufacturing activities
28 Oct 2017
On 4 August 2017, the European Commission gave formal approval for Hobas (Klagenfurt / Austria; www.hobas.com), Flowtite (Sandefjord / Norway; www.flowtite.com) and Amiantit (Dammam / Saudi Arabia; www.amiantit.com) to merge their European activities. By the end of August, the companies will be brought together under a holding company in which Hobas' owner Wietersdorfer(Klagenfurt; www.wietersdorfer.com) and Amiantit each hold 50% of the shares.
The joint venture, headquartered in Klagenfurt, will start operations at the beginning of September.