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Kresta Takes Over Swiss Buss ChemTech

Published: September 30, 2011; 15:16 · (Vindobona)

The newly acquired company will become the technology center of the Austrian plant building company.

Kresta Takes Over Swiss Buss ChemTech / Picture: © Kresta Industries

The Carinthian industrial group Kresta Industries on Friday announced that it has purchased a majority shareholding in the Swiss chemical engineering company Buss ChemTech AG. The Austrian group has acquired a 56% stake through its subsidiary Kresta Technology AG.

Buss ChemTech was founded in 1884 and is specialized in optimizing and developing chemical reactions. With a headcount of 60 employees, the company operates on a global basis in the fields of fluorine, aluminum and reaction technology. Following the acquisition, Kresta expects to improve its position in the international plant building industry. The Swiss site will become the group’s technology center.

Kresta Industries employs 625 people and achieves annual turnover of approximately € 150m. The company focuses on the construction of machinery, tanks and pipelines for the pulp and paper industry and the renewable energy sector. The export ratio is 85%.