Schlemmer Philippines Inc. - Santa Rosa City

DELFINGEN, one of the world leaders in the field of electrical cable protection for the automotive industry,
announces the acquisition of SCHLEMMER’s activities in Europe/Africa. DELFINGEN achieved a turnover of
230 M€ in 2019, is present in 20 countries with 26 plants and has 3,000 collaborators.
SCHLEMMER is a German industrial group specializing in cable protection and the manufacture of injection moulded parts for
the automotive industry. Faced with operational and financial difficulties, SCHLEMMER was placed in preliminary bankruptcy
proceedings on December 19th, 2019 by the Munich Commercial Court, a procedure confirmed on March 1st, 2020.
SCHLEMMER’s Asian perimeter was sold to its Chinese partner, the Fengmai-Ningbo Huaxiang Group.
The acquired perimeter would  

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represent a turnover of around 100 M€, 1,000 people and 5 factories in Germany, Romania,
Russia, Morocco and Tunisia. The two latter plants are joint ventures.
In a difficult market context, this acquisition enable DELFINGEN to consolidate its market share in Europe, to strengthen its
proximity to German car manufacturers and equipment suppliers, and to pool research and development efforts to support
the transition of the automotive sector towards hybrid/electric engines.