openPR Logo
Press release

Pfeifer and Gleistein join forces

12-05-2017 10:05 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Gleistein Ropes

Thomas Schlätzer, Jan Paul, Gerhard Pfeifer and Klaus Walther

Thomas Schlätzer, Jan Paul, Gerhard Pfeifer and Klaus Walther

Leading international rope specialists secure strategic cooperation for joint sales and development

It is no secret that “wire ropes of the future” will continue to be increasingly produced using synthetic fibres. High-performance ropes made of high-tech textile fibres weigh just a fraction and are easier to handle than their steel-wire based counterparts while delivering performance attributes that are on par. It is upon this backdrop that Gleistein Ropes and the Pfeifer Group have now concluded a strategic partnership agreement.

Pfeifer, based in Memmingen, southern Germany, is a leading specialist for wire rope manufacturing, assembly and applications, with annual sales of 260 million euros. With a view to tapping into future-oriented development potentials, Pfeifer initiated talks with Gleistein Ropes last year. The goal was to establish a foundation upon which a strategic partnership could be built. With its innovative strength and state-of-the-art production facilities for all types of fibre ropes, Gleistein Ropes from Bremen, northern Germany, is an ideal partner for Pfeifer. The focus of future joint development activities will chiefly involve fibre rope innovations for numerous industrial applications that – until now – were largely the domain of wire rope solutions.

Both companies look back on centuries of operation as family enterprises that are rich in tradition. They share a common understanding of corporate values and offer solutions of qualitative and technological excellence. This November, the cooperation was contractually concluded with the signing of the comprehensive agreement. As an additional new partner, Pfeifer simultaneously also takes over a 25% stake in Gleistein Ropes.

Through the alliance of the two medium-sized enterprises, a combined total of 600 years of experience in the craft of rope making is brought together with immediate effect. Laying the foundation for this connection is the highly complementary portfolio of products and technical capabilities as well as the closely related understanding of values that both companies share as family enterprises. Despite their respective histories spanning centuries, each company is still directed by the descendants of the original founding fathers. With annual sales of approximately 24 million euros, Gleistein Ropes may be smaller than Pfeifer yet it sees big opportunities through the cooperation agreement as it provides tremendous prospects to access new markets and for sustainably augmenting its innovative potential without any loss of identity or needing to forfeit its ability to take independent operational action. The trust established between the parties over the course of the negotiations is reflected in the agreement that has now been signed in Bremen by Gerhard Pfeifer, Managing Partner of the Pfeifer Group, and the Gleistein company partners Klaus Walther, Jan Paul and Thomas Schlätzer.

Gerhard Pfeifer explains: “Through our strategic connection with Gleistein Ropes, we obtain access to high-end textile fibre rope solutions with minimal weight and easy handling characteristics that are now being increasingly implemented as an alternative to wire rope solutions in a steadily growing number of industrial applications. The agreement also gives us the opportunity to jointly enter into areas for which steel-wire ropes are unsuited. For Pfeifer as a wire rope manufacturer, this offers huge potential and represents an extremely important strategic step, which we are now embracing.”

Klaus Walther, Managing Director at Gleistein Ropes, comments: “With the linkage to Pfeifer and its global sales network, we can now tap into new markets while simultaneously benefiting from Pfeifer’s extensive application expertise. Gleistein thereby fortifies its operational capacity and also secures the long-term preservation of both its production facilities in Bremen and in Trencin, Slovakia.” His cousin and colleague, Thomas Schlätzer, adds: “Taking this step is a real gain for Gleistein as it entails that we completely retain our independence in our business operations, the activities in our existing markets and our proud identity as a Hanseatic medium-sized firm.”

Pfeifer and Gleistein Ropes will jointly develop fibre rope solutions and position these in markets where they represent a superior alternative to heavier, steel-wire based ropes, as well as in segments where the potential exists for entirely new areas of application to be tapped into. Innovation processes will be accelerated through the amalgamation of extensive experience both partners possess in wire and fibre rope applications together with the capacity to utilise a broader pool of specialised staff and the expanded testing possibilities in both laboratory and practical contexts. With this agreement, Pfeifer and Gleistein anticipate to benefit from a sustainable boost to their respective international competitiveness.

About Pfeifer
Pfeifer is an internationally active group of companies, headquartered in Memmingen, southern Germany. The family-owned firm looks back on a rich tradition in the manufacture of ropes, spanning almost 440 years. Gerhard Pfeifer, president of the Pfeifer Group is the twelfth generation to lead the family business. Today, Pfeifer counts among the leading providers in the world of cable structures, rockfall protection, wire rope and lifting technology as well as connecting and lifting systems. The Pfeifer Group is active with more than 30 companies operating in 20 countries in Europe, Asia and North America, with a global workforce of approximately 1,500. The company recorded annual sales of around 260 million euros in 2017. The product portfolio extends from individually finished crane ropes to cable supported roof structures for football stadiums.

About Gleistein Ropes
Gleistein has been manufacturing ropes since 1824 and is the oldest family industrial company in Bremen (Germany). Together with its Trencin (Slovakia) plant the company boasts two of the most modern rope manufacturing facilities in the world with a total production area of more than 19,000 square metres. Modern chemical fibres, sophisticated designs and future-oriented rope finishing equipment and procedures offer a definite quality “plus” that directly benefits the consumer. Gleistein offers a complete service, provides its customers with industry-leading know-how and assists in selecting the perfect rope – whatever the need. Ready-to-use finishing of products, execution of contracted tests and the development of tailor-made solutions round out the comprehensive range of services.

Press contacts:
Gleisten Ropes
Thomas Schlätzer
Geo. Gleistein & Sohn GmbH
Heidlerchenstraße 7
28777 Bremen, Germany
Tel: +49 (0)421 69049-31
Fax: +49 (0)421 69049-99
Email: schlaetzer @ gleistein.com

Markus Woltmann
slant' PR & Native English Text
Leuschnerdamm 13
10999 Berlin, Germany
Tel: +49 (0)30 36 44 11 04
Email: press @ slant.de

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Pfeifer and Gleistein join forces here

News-ID: 844274 • Views: 205

More Releases from Gleistein Ropes

Gleistein Ropes launches Texteel® – the new force in quality HMPE textile rop …
Bridging the gap between high performance and cost effectiveness Leading rope manufacture Gleistein Ropes announces the launch of its new Texteel® series. With Texteel®, Gleistein introduces a HMPE fibre type for cost-conscious customers, combining the strength and elongation characteristics of steel wire rope with the low weight and exceptional handling attributes of textile fibre ropes. The alternative HMPE fibre used for the manufacture of Texteel® was carefully selected following extensive,
Gleistein Ropes continues partnership as “Official Rope Supplier” to Alex Th …
Sights set on winning the 2020-2021 Vendée Globe race Bremen/Düsseldorf, 21 January 2019 – Leaders in their respective fields, Gleistein Ropes and Alex Thomson Racing announce the renewal of their partnership for a further two years. Gleistein Ropes first teamed up with Alex Thomson Racing in early 2014 and has remained the “Official Rope Supplier” on board of HUGO BOSS since. The partnership continues with the joint development and
SMM Hamburg: Gleistein showcases latest commercial marine innovations and dedica …
Bremen/Hamburg, 4 September 2018 Gleistein Ropes presents its latest products for the commercial marine market at this year’s SMM in Hamburg, the world’s number one trade fair for the maritime industry. Among the highlights will be a new towing line, the strong and convenient GeoLink Lashings as well as Gleistein’s esteemed FLX Mooring System – delivering significant cost-savings over its extensive lifetime. Furthermore, Gleistein is also launching an all-new dedicated
Gleistein Ropes goes to METS 2017 in Amsterdam with new and improved solutions f …
Latest products and the new, expanded GeoYacht catalogue – now including the sailmaker range – at the Gleistein booth in Hall 1, Stand 256 Bremen/Amsterdam, 14 November 2017 Gleistein Ropes presents numerous highlights at METS 2017, the world’s largest marine equipment trade show, including Alex Thomson’s lines of choice from on board of HUGO BOSS made with Dyneema® SK99 and the specially-developed innovative lines deployed by the successful Danish Olympic

All 5 Releases


More Releases for Pfeifer

What's Driving The Crane Wire Rope Market Growth? Key Players Are: WireCo World …
The Global Crane Wire Rope Market Report is an overarching presentation of the factual analysis of the global Crane Wire Rope industry consisting of essential factors such as market size, share, target consumers, trends, and market dynamics. The report elaborates the industry environment thoroughly and reviews region-wise trade policies, entry barriers as well as social, political, economic and atmospheric factors that may radically influence the market. Crucial elements including forthcoming business
Global Elevator Wire Rope Market Report 2019 Companies included Brugg, Gustav Wo …
Market Reports Company has recently published 7th edition of Elevator Wire Rope Market Report which covers historic data of year 2013 to 2018 along with a forecast till year 2026. For inquiry or free sample pages email us at: sales@marketreportscompany.com The report provides a comprehensive view on the current state and future prospects of the market which analyzes different strategies for business growth. The global Elevator Wire Rope market was valued at
Elevator Wire Rope Market 2019 by Manufacturer -Gustav Wolf ,Bekaert ,Wirerope W …
The report provides key statistics on the market status of the Elevator Wire Rope manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Get Free Sample Copy of Elevator Wire Rope market 2018-25 at @ https://www.algororeports.com/sample-request/elevator-wire-rope-market-2780212 Key Companies Analysis: - Gustav Wolf Bekaert Wirerope Works Pfeifer Drako Kiswire CERTEX Usha Martin The Global Elevator Wire Rope Industry provides a basic overview of the industry
Global Glue Laminated Timber Market By Key Players : Calvert, Pfeifer Holz, Setr …
Qyresearchreports include new market research report "Global Glue Laminated Timber Market Insights,Forecast to 2025" to its huge collection of research reports. The report tries to give clear signs to showcase individuals into which patterns will get unquestionable quality or which will lose their shine in the coming years. This helps creating and moreover settled associations in great approach definitions. The give insights with respect to the global Glue Laminated Timber market
Global Biomass Energy Market 2018 by Leading Players : Enviva, Rentech, Lignetic …
Qyresearchreports include new market research report "Global Biomass Energy Market Professional Survey Report 2018" to its huge collection of research reports. This report studies the global Biomass Energy market status and forecast, categorizes the global Biomass Energy market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America,
Global Crane Wire Rope Market Outlook 2017-2022 WireCo World, Pfeifer, Bridon, C …
Wire rope is a type of cable which consists of several strands of metal wire laid (twisted) into a helix. The term cable is often used interchangeably with wire rope. However, in general, “wire rope” refers to diameters larger than 3/8 inch (3.6 mm). Sizes smaller than this are designated cable or cords. Initially wrought iron wires were used, but today steel is the main material used for wire ropes.