The Clearwater team has advised Neumatt Holding AG on the sale of Romay AG, a manufacturer of components and cladding subsystems made of polymer compounds, to IM Group, a polish engineering and production group.
The business in Oberkulm in the Wynental in the canton of Aargau will continue to be managed by the current and unchanged Romay management team. As part of a sustainable succession plan, the IM Group has been identified by the owners as the ideal buyer, which plans to further expand Romay AG by exploiting extensive synergies. Due to the complementary customer structure, mainly in the railroad sector, the aim is to achieve better mutual market development.
Romay AG was founded in 1946 and currently employs around 300 people in the group. The Romay Group consists of Romay AG in Oberkulm and the Chinese subsidiary in Qingdao, which has been serving the Chinese market directly since 2004.
Romay AG is a solution provider for large-format, complex and customised components and cladding subsystems made of polymer compounds. The company basically serves three different markets with its subsystems: MedTech, transportation (railroads) and industrial machinery. Romay also manufactures sinks and basins, mainly for the European retail and wholesale market. The company is primarily active in the production of moulded parts and the assembly of subsystems, but also offers its customers consulting, design and engineering services. Romay has a renowned customer base such as Stadler Rail in the railroad industry or Siemens and Roche in the MedTech sector.
The IM Group is now in its second generation of family ownership. The group has around 1,400 employees and is based in Wroclaw, Poland. IM Group consists of two operating companies: The first company, like Romay AG, manufactures plastic cladding systems for the transportation and machine industry. The second company produces solid steel structures for train, bus and streetcar vehicle frames.
