F. A. Neuman Group, Eschweiler, has sold its business unit Column Internals and Distillation Technology, which are bundled in Julius Montz GmbH, Hilden, to Pfaudler Group, a portfolio company of Deutsche Beteiligungs AG.
With Pfaudler, a partner for Julius Montz, who is also active in plant engineering for the chemical industry, has been selected. In the future, Pfaudler will successfully support Julius Montz in the further internationalisation of the company through an existing global network and many joint customers.
Julius Montz develops, designs and manufactures column internals for use in the chemical industry, particularly in the field of distillation technology. Julius Montz also plans and supervises the construction of complete production plants for the chemical, pharmaceutical and food industries. The focus is on plants for the production of alcohols and flavourings as well as plants for the recovery of solvents. Julius Montz employs around 110 people at its locations in Hilden and Landau (Palatinate).
The Pfaudler Group, a portfolio company of Deutsche Beteiligungs AG, manufactures enamelled reactors for mixing chemical substances and is expanding its product portfolio and systems competence with the acquisition.
F. A. Neuman Group is a family-owned company founded in 1849 with several business units. These include apparatus and container construction, distillation technology, electric motors, fire protection gates, crane systems, lifting and loading technology as well as pneumatic conveyor systems.