ELAFLEX HIBY group, headquartered in Hamburg, has recently acquired a majority stake in the German supplier and manufacturer, ditec. The acquisition allows ELAFLEX HIBY to expand its product offerings in the expansion joint market.
Founded in 1973, ditec is well-known for its production of rubber and fabric expansion joints. They have established themselves as a global leader in developing and manufacturing expansion joints that cater to various industries and customer requirements. Their expansion joints find applications in power plant technology, industry and plant engineering, water treatment technology, chemical, paper and pulp industry, food industry, and shipbuilding industry. Additionally, ditec has also added innovative expansion joints for hydrogen applications to their product portfolio.
The partnership between ELAFLEX HIBY and ditec is seen as a strategic move to further enhance their product concepts and offerings. ELAFLEX HIBY, as an internationally active system supplier of expansion joints, hoses, hose assemblies, couplings, and nozzles, sees this collaboration as an opportunity to strengthen their position in the market.
Despite the acquisition, ditec will maintain its operational independence and distribution channels. This ensures that their existing customers and partners will continue to receive the same level of quality, innovation, and service that they have come to expect from ditec.
The cooperation between ELAFLEX HIBY and ditec is built on a longstanding business relationship and shared values as family-owned companies with a rich history. Both companies are looking forward to working together and leveraging their strengths to shape the future of the expansion joint industry.
For more information visit www.elaflex.de
