Swiss manufacturing company Von Roll plans acquisitions to strengthen its market position in Asia and the United States, its news chairman Thomas Limberger was quoted as saying on Saturday.
"We will make more important acquisitions to reinforce our presence in two key markets for electrical insulation systems, Asia and the United States," Limberger told Swiss French-language newspaper Le Temps in an interview.
Von Roll announced Limberger's appointment as chairman on Thursday as part of a board reshuffle after a shareholder vote last week gave rebel shareholder group Von Finck control of the company's supervisory board.
Von Roll specialises in insulation products and systems for the electrical machinery industry. Limberger also told the newspaper that he had set his sights on raising the company's margin, which was lower than that of its main competitors Elantas and SGL Carbon. He also said Von Roll was very likely to raise capital by the maximum amount approved by shareholders last week of 323 million Swiss francs ($267.8 million).
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