Leister Process Technologies Changes Structure

Leister Process Technologies, a worldwide leader in plastic welding and hot air equipment manufacturing, has transformed from a sole proprietorship to a holding structure consisting of three independent, limited companies, with Leister AG as the holding company.

Since its’ founding in 1949, Leister Process Technologies operated in the legal form of a sole proprietorship. Growth in the past few decades, diversification into additional business areas, and the formation of companies in the United States, Germany, China and Japan spurred the following structural changes.

Leister AG will act as the holding company, responsible for the management and control of the entire Leister group. Leister Technologies AG will take over well-known business in the areas of plastic welding, hot air industrial processes and laser systems. Axetris AG will replace the Axetris business unit, converting it into an independent company that will remain active in the areas of gas sensors and micro optics. All existing national affiliates - including Leister USA - will remain in operation untouched.

“This new corporate structure allows us to sharpen our focus in key areas, and successfully develop the future of all Leister activities,” said Christiane Leister, Chief Executive Officer, Leister AG. Existing company managers will lead newly established companies, with all properties remaining under the overall direction of Ms. Leister.

For more information, contact Daphne Mischel, Leister USA, 1275 Hamilton Parkway, Itasca, IL 60143, 855-534-7837/630-361-9021, Fax: 630-760-1001, E-mail: daphne.mischel@leisterusa.com, Web: www.leisterusa.com.