Schuler Pressen to become part of future Deutsche Werkzeugbau Group
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Schuler Pressen GmbH has reached an agreement with a strategic investor group based in Munich regarding the takeover of its die construction activities in Göppingen and Weingarten, Germany. Effective Feb. 28, 2020, investment companies Navigator Capital GmbH and Accursia Capital GmbH will take over Schuler’s former Body Panel business unit, including about 200 employees at both sites.
The new owner will operate the business unit as Cartec Tooling GmbH under the umbrella of the planned company Deutsche Werkzeugbau. Cartec mainly builds dies for the production of car body panels.
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