Schunk Group buys Cincinnati Sub Zero

Largest acquisition in company history / Weiss Technik becomes number one for environmental simulation in USA

[Translate to Chinesisch:] Through the acquisition of Cincinnati Sub Zero, Weiss Technik moves from number four to number one in North America with a market share of around 25 percent.

Heuchelheim, February 1, 2019 – The Schunk Group has acquired the Industrial and Testing Divisions of Cincinnati Sub Zero. The American manufacturer of climatic chambers and cabinets is integrated into the division Weiss Technik, for which environmental simulation is the most important business segment. The acquisition makes Weiss Technik the largest environmental simulation provider in North America.

"With the acquisition of Cincinnati Sub Zero (CSZ), we are enormously strengthening Weiss Technik's position in the American market," explains Peter R. Manolopoulos, Member of the Executive Board of the Schunk Group and responsible for the division Weiss Technik. CSZ is a long-established brand in the American market. With around 230 employees, CSZ is the number two in North America for environmental simulation. In addition to the production and sale of climate chambers and cabinets, CSZ operates two test houses in Ohio and Michigan. The purchase price for CSZ is in the mid double-digit million range.

"CSZ and Weiss Technik complement each other perfectly in the American market," Manolopoulos continues. CSZ generates the majority of its sales with standard products, while Weiss Technik is particularly strong in North America with special products. "Weiss Technik does not produce its own standard products in America, but imports them from Weiss Technik locations outside America." However, the new American trade policy and in particular the 25% tariffs on imported products would make these standard products more expensive and less competitive in North America. "This is another reason why Weiss Technik is now taking a big step and buying CSZ's environmental simulation business in order to have a comprehensive product portfolio manufactured in America," says Manolopoulos. In addition, there was little overlap among the customer groups. "This will enable us to offer special solutions from Weiss Technik to CSZ customers in the future and to offer Weiss Technik customers a wide range of standard products, and we therefore expect high sales growth in the North American market," says Manolopoulos.

Acquisition brings great opportunities for the future

"As a result of the takeover, Weiss Technik will move from number four to number one in North America with a market share of around 25 percent," emphasizes Dr. Arno Roth, CEO of the Schunk Group. "With this largest acquisition in the history of the Schunk Group, we are opening up great opportunities for the future in our strategic growth region of America. And with this strong position in North America, we are also increasing our global presence, which is one of the long-term goals of the Schunk Group."

More information about Weiss Technik North America and Cincinnati Sub Zero

Extbase Variable Dump

array(2 items)
   0 => TYPO3\CMS\Core\Resource\FileReferenceprototypeobject
      propertiesOfFileReference => protectedarray(36 items)
         uid => 36636 (integer)
         pid => 276 (integer)
         tstamp => 1551802080 (integer)
         crdate => 1551802080 (integer)
         cruser_id => 1 (integer)
         sorting => 0 (integer)
         deleted => 0 (integer)
         hidden => 0 (integer)
         t3ver_oid => 0 (integer)
         t3ver_id => 0 (integer)
         t3ver_wsid => 0 (integer)
         t3ver_label => '' (0 chars)
         t3ver_state => 0 (integer)
         t3ver_stage => 0 (integer)
         t3ver_count => 0 (integer)
         t3ver_tstamp => 0 (integer)
         t3ver_move_id => 0 (integer)
         t3_origuid => 0 (integer)
         sys_language_uid => 8 (integer)
         l10n_parent => 36609 (integer)
         l10n_diffsource => '' (0 chars)
         uid_local => 6263 (integer)
         uid_foreign => 857 (integer)
         tablenames => 'tx_ccnews_domain_model_news' (27 chars)
         fieldname => 'attachments' (11 chars)
         sorting_foreign => 1 (integer)
         table_local => 'sys_file' (8 chars)
         title => '[Translate to Chinesisch:] Press Picture Cincinnati Sub Zero' (60 chars)
         description => '[Translate to Chinesisch:] Press Picture Cincinnati Sub Zero' (60 chars)
         alternative => NULL
         link => '' (0 chars)
         news => 0 (integer)
         symposium => 0 (integer)
         crop => '' (0 chars)
         autoplay => 0 (integer)
         l10n_state => NULL
      uidOfFileReference => protectedNULL
      name => protectedNULL
      originalFile => protectedTYPO3\CMS\Core\Resource\Fileprototypeobject
         metaDataLoaded => protectedFALSE
         metaDataProperties => protectedarray(empty)
         indexingInProgress => protectedFALSE
         updatedProperties => protectedarray(empty)
         properties => protectedarray(15 items)
            uid => 6263 (integer)
            pid => 0 (integer)
            missing => 0 (integer)
            type => '5' (1 chars)
            storage => 1 (integer)
            identifier => '/Redakteur/Presse/2019/Press_Release_Cincinnati_Sub_Zero.docx' (61 chars)
            identifier_hash => '3711b19f45181c50023646f286afcb00e03cc247' (40 chars)
            extension => 'docx' (4 chars)
            mime_type => 'application/vnd.openxmlformats-officedocument.wordprocessingml.document' (71 chars)
            name => 'Press_Release_Cincinnati_Sub_Zero.docx' (38 chars)
            sha1 => 'd27373c4f389a9b41ebf1e5ce5eb6001a0ef8db7' (40 chars)
            size => 61525 (integer)
            creation_date => 1549013424 (integer)
            modification_date => 1549013424 (integer)
            folder_hash => 'fd44302a24fcd9791fb32a464d5fd3816691faa5' (40 chars)
         storage => protectedTYPO3\CMS\Core\Resource\ResourceStorageprototypeobject
            driver => protectedTYPO3\CMS\Core\Resource\Driver\LocalDriverprototypeobject
               absoluteBasePath => protected'/var/www/public_html/live/fileadmin/' (36 chars)
               supportedHashAlgorithms => protectedarray(2 items)
                  0 => 'sha1' (4 chars)
                  1 => 'md5' (3 chars)
               baseUri => protected'fileadmin/' (10 chars)
               mappingFolderNameToRole => protectedarray(3 items)
                  _recycler_ => 'recycler' (8 chars)
                  _temp_ => 'temporary' (9 chars)
                  user_upload => 'userupload' (10 chars)
               charsetConversion => protectedNULL
               capabilities => protected7 (integer)
               storageUid => protected1 (integer)
               configuration => protectedarray(3 items)
                  basePath => 'fileadmin/' (10 chars)
                  pathType => 'relative' (8 chars)
                  caseSensitive => '1' (1 chars)
            storageRecord => protectedarray(17 items)
               uid => 1 (integer)
               pid => 0 (integer)
               tstamp => 1444056208 (integer)
               crdate => 1444056208 (integer)
               cruser_id => 0 (integer)
               deleted => 0 (integer)
               name => 'fileadmin/ (auto-created)' (25 chars)
               description => 'This is the local fileadmin/ directory. This storage mount has been created 
                  automatically by TYPO3.' (99 chars)
               driver => 'Local' (5 chars)
               configuration => '<?xml version="1.0" encoding="utf-8" standalone="yes" ?>
<T3FlexForms>
    <
                  data>
        <sheet index="sDEF">
            <language index="lDEF">
     
                             <field index="basePath">
                    <value index="vDEF">
                  fileadmin/</value>
                </field>
                <field index="pa
                  thType">
                    <value index="vDEF">relative</value>
          
                        </field>
                <field index="caseSensitive">
               
                       <value index="vDEF">1</value>
                </field>
            </la
                  nguage>
        </sheet>
    </data>
</T3FlexForms>' (583 chars)
               is_default => 1 (integer)
               is_browsable => 1 (integer)
               is_public => 1 (integer)
               is_writable => 1 (integer)
               is_online => 1 (integer)
               processingfolder => NULL
               auto_extract_metadata => 1 (integer)
            configuration => protectedarray(3 items)
               basePath => 'fileadmin/' (10 chars)
               pathType => 'relative' (8 chars)
               caseSensitive => '1' (1 chars)
            fileProcessingService => protectedTYPO3\CMS\Core\Resource\Service\FileProcessingServiceprototypeobject
               storage => protectedTYPO3\CMS\Core\Resource\ResourceStorageprototypeobjectsee above
               driver => protectedTYPO3\CMS\Core\Resource\Driver\LocalDriverprototypeobjectsee above
               signalSlotDispatcher => protectedTYPO3\CMS\Extbase\SignalSlot\Dispatchersingletonobject
                  isInitialized => protectedTRUE
                  objectManager => protectedTYPO3\CMS\Extbase\Object\ObjectManagersingletonobjectfiltered
                  slots => protectedarray(9 items)
                     TYPO3\CMS\Core\Resource\ResourceFactory => array(1 item)max depth
                     TYPO3\CMS\Core\Resource\ResourceStorage => array(4 items)max depth
                     TYPO3\CMS\Extensionmanager\Utility\InstallUtility => array(3 items)max depth
                     TYPO3\CMS\Install\Service\SqlExpectedSchemaService => array(1 item)max depth
                     TYPO3\CMS\Core\Resource\Index\MetaDataRepository => array(1 item)max depth
                     TYPO3\CMS\Core\Tree\TableConfiguration\DatabaseTreeDataProvider => array(1 item)max depth
                     TYPO3\CMS\Extensionmanager\ViewHelpers\ProcessAvailableActionsViewHelper => array(1 item)max depth
                     In2code\Powermail\Controller\FormController => array(1 item)max depth
                     In2code\Powermail\Domain\Service\Mail\SendMailService => array(1 item)max depth
               logger => protectedTYPO3\CMS\Core\Log\Loggerprototypeobject
                  name => protected'TYPO3.CMS.Core.Resource.Service.FileProcessingService' (53 chars)
                  minimumLogLevel => protected4 (integer)
                  writers => protectedarray(5 items)
                     0 => array(1 item)max depth
                     1 => array(1 item)max depth
                     2 => array(1 item)max depth
                     3 => array(1 item)max depth
                     4 => array(1 item)max depth
                  processors => protectedarray(empty)
            evaluatePermissions => protectedFALSE
            fileMounts => protectedarray(empty)
            userPermissions => protectedarray(empty)
            capabilities => protected7 (integer)
            signalSlotDispatcher => protectedTYPO3\CMS\Extbase\SignalSlot\Dispatchersingletonobjectsee above
            processingFolder => protectedTYPO3\CMS\Core\Resource\Folderprototypeobject
               storage => protectedTYPO3\CMS\Core\Resource\ResourceStorageprototypeobjectsee above
               identifier => protected'/_processed_/' (13 chars)
               name => protected'_processed_' (11 chars)
               fileAndFolderNameFilters => protectedarray(empty)
            processingFolders => protectedarray(1 item)
               0 => TYPO3\CMS\Core\Resource\Folderprototypeobjectsee above
            isOnline => protectedTRUE
            isDefault => protectedTRUE
            fileAndFolderNameFilters => protectedarray(1 item)
               0 => array(2 items)
                  0 => 'TYPO3\CMS\Core\Resource\Filter\FileNameFilter' (45 chars)
                  1 => 'filterHiddenFilesAndFolders' (27 chars)
         identifier => protected'/Redakteur/Presse/2019/Press_Release_Cincinnati_Sub_Zero.docx' (61 chars)
         name => protected'Press_Release_Cincinnati_Sub_Zero.docx' (38 chars)
         deleted => protectedFALSE
      mergedProperties => protectedarray(empty)
   1 => TYPO3\CMS\Core\Resource\FileReferenceprototypeobject
      propertiesOfFileReference => protectedarray(36 items)
         uid => 36637 (integer)
         pid => 276 (integer)
         tstamp => 1551802080 (integer)
         crdate => 1551802080 (integer)
         cruser_id => 1 (integer)
         sorting => 0 (integer)
         deleted => 0 (integer)
         hidden => 0 (integer)
         t3ver_oid => 0 (integer)
         t3ver_id => 0 (integer)
         t3ver_wsid => 0 (integer)
         t3ver_label => '' (0 chars)
         t3ver_state => 0 (integer)
         t3ver_stage => 0 (integer)
         t3ver_count => 0 (integer)
         t3ver_tstamp => 0 (integer)
         t3ver_move_id => 0 (integer)
         t3_origuid => 0 (integer)
         sys_language_uid => 8 (integer)
         l10n_parent => 36610 (integer)
         l10n_diffsource => '' (0 chars)
         uid_local => 6266 (integer)
         uid_foreign => 857 (integer)
         tablenames => 'tx_ccnews_domain_model_news' (27 chars)
         fieldname => 'attachments' (11 chars)
         sorting_foreign => 2 (integer)
         table_local => 'sys_file' (8 chars)
         title => NULL
         description => NULL
         alternative => NULL
         link => '' (0 chars)
         news => 0 (integer)
         symposium => 0 (integer)
         crop => '' (0 chars)
         autoplay => 0 (integer)
         l10n_state => NULL
      uidOfFileReference => protectedNULL
      name => protectedNULL
      originalFile => protectedTYPO3\CMS\Core\Resource\Fileprototypeobject
         metaDataLoaded => protectedFALSE
         metaDataProperties => protectedarray(empty)
         indexingInProgress => protectedFALSE
         updatedProperties => protectedarray(empty)
         properties => protectedarray(15 items)
            uid => 6266 (integer)
            pid => 0 (integer)
            missing => 0 (integer)
            type => '2' (1 chars)
            storage => 1 (integer)
            identifier => '/Redakteur/Presse/2019/Pressebild_Cincinnati_Sub_Zero.jpg' (57 chars)
            identifier_hash => '464e13df7f9fd06988c70bef06bc062407122c1c' (40 chars)
            extension => 'jpg' (3 chars)
            mime_type => 'image/jpeg' (10 chars)
            name => 'Pressebild_Cincinnati_Sub_Zero.jpg' (34 chars)
            sha1 => 'e8b3ed79c3e5eea85d17eac8e2f701dc9c4f5dc4' (40 chars)
            size => 1483409 (integer)
            creation_date => 1549013429 (integer)
            modification_date => 1549013429 (integer)
            folder_hash => 'fd44302a24fcd9791fb32a464d5fd3816691faa5' (40 chars)
         storage => protectedTYPO3\CMS\Core\Resource\ResourceStorageprototypeobjectsee above
         identifier => protected'/Redakteur/Presse/2019/Pressebild_Cincinnati_Sub_Zero.jpg' (57 chars)
         name => protected'Pressebild_Cincinnati_Sub_Zero.jpg' (34 chars)
         deleted => protectedFALSE
      mergedProperties => protectedarray(empty)