The global injection moulding company Rosti is owned by the Swedish investment company Nordstjernan. Rosti Group’s Board of Directors has decided to create two separate Groups out of the current Rosti Group. The present Automotive division with four manufacturing sites in the UK, will form its own Group and be called Rosti Automotive. The remaining Rosti will continue as Rosti and develop its business within Packaging, Consumer & Professional Appliances, Business Machines, and Life Sciences. Both Groups will still be owned by Nordstjernan.
Mats Heiman, Chairman of the Rosti Board, comments:
“The challenges and opportunities are very different within the two businesses, so too are the markets and customers they serve. The split will allow both companies to focus on their unique agendas thereby accelerating initiatives to develop their businesses.”
Brendan Colgan, CEO at Rosti since March 2016, will remain CEO of Rosti. He comments:
“I see a very promising outlook for 2017 and onwards. We will focus on how our businesses in Asia can take additional steps to grow in that region, both organically and through acquisitions. Our businesses in Europe will continue to develop opportunities to grow their offering and customer base.”
Rosti Automotive: focus on continued development
Joachim Magnusson, who joined Rosti as EVP Rosti Automotive in 2016, will take the position as CEO of Rosti Automotive. He comments:
“There has been significant investment in the Automotive division over the last number of years. Our customers have been instrumental in our growth and the split will allow us to accelerate and focus on continued development.”
Roar Isaksen, who has held various leading positions in Volvo and has extensive automotive experience, will be Chairman of the Rosti Automotive Board. He comments:
“I am excited to be a part of the new Rosti Automotive Group. The Split brings increased focus to the business and going forward there are interesting market opportunities for further growth and development”.
Rosti and Rosti Automotive will start operating independently effective immediately however the full legal separation requires further work and is anticipated to be completed by June 2017.
For more information:
Brendan Colgan, CEO Rosti
Phone: +44 (0)7796 006633
E-mail: [email protected]
Rosti is a global plastics injection moulding company and contract manufacturer headquartered in Malmö, Sweden and with manufacturing sites in China, Malaysia, Sweden, Germany, Poland, Romania, Turkey and the UK. Rosti is owned by the Swedish investment group Nordstjernan. Rosti is rapidly expanding, organically and through acquisitions. For further information, please visit www.rosti.com and www.nordstjernan.se.
Share
Environmental Sustainability in Plastic Injection Molding
At Rosti, sustainability is more than a policy—it is the foundation of how we design, manufacture, and deliver solutions. As a global injection molder with over 80 years of expertise,…
Read More
Plastic Injection Moulding 101
This guide will walk you through a comprehensive overview of the plastic injection moulding process from design through production – including essential elements of moulding.
Read More
Advancements in Producing Production Quality Plastic Prototypes
Advancements in production quality prototypes have evolved significantly in recent years.
Read More
E-mobility Guide
Rosti works with some of the world’s leading producers to face up to the manufacturing challenges in e-mobility. This is a sector with rapid growth – driven by environmental pressures…
Read More
Scientific Molding
It’s not hard to understand how computing and innovation have positively impacted industries of all types over the past 35 plus years. The injection molding industry is no exception. Plastic…
Read More
Metal to Plastic Conversion Guide
This guide will help you understand the metal to plastic conversion process, its benefits, and how to partner with your injection molder to collaborate on all design for manufacturability elements.
Read More