Our partner, the global Ring Group, has taken a major strategic step to further solidify its market position. The acquisition of the assets and a significant portion of the staff of Schoen + Sandt considerably expands its punching machine division.
After Schoen + Sandt previously faced insolvency proceedings, a strong and future-proof solution has now been found. The family-owned company Ring Group reached a definitive agreement with the insolvency administrator. A major advantage of this acquisition is that more than half of the former staff are directly transitioning to the Ring Group. As a result, valuable expertise and know-how are preserved for the Pirmasens region and the industry.
Global market leader with a rich history The Ring Group (founded in 1921) now employs around 400 people worldwide and has branches in, among others, the US, China, Italy, and various other countries. As a renowned machine manufacturer, Ring is synonymous with top quality and deep expertise. The company is a market leader in the field of:
- Perforating and punching machines
- Special-purpose machines
- Footwear machinery
- Advanced solutions for the automotive industry (including the development of car seats)
- ...
What does this mean for Rucoma and our customers?
As a proud representative of the Ring Group, we at Rucoma are extremely delighted with this acquisition. It underscores the immense stability, agility, and ambition of our partner. Thanks to this expansion of the portfolio, we will be able to serve our customers in our region even better and more comprehensively in the future with high-quality technologies and solutions.
Do you have any questions about what these developments or the expanded machine portfolio of the Ring Group could mean for your organization? Please feel free to contact us. Our specialists are ready to assist you!