Germany’s Schütz Group has acquired Luxembourg-based Euro-Composites, a global leader in high-performance composite materials.
The move, announced on the Euro-Composites website, marks a carefully planned succession for founder Rolf Alter, 91, who is stepping down after more than 40 years at the helm, and represents a strategic expansion for Schütz in the advanced materials sector.
A Lifetime of Innovation
Rolf Alter founded Euro-Composites over four decades ago, growing it into an internationally recognised specialist in complex composite products. The company supplies panels, laminates, honeycomb cores, and ready-to-install components to aerospace, industrial, and high-tech clients around the world. With around 1,000 employees across Luxembourg, the United States, and Germany, Euro-Composites has built a reputation for quality, precision, and reliability.
Speaking about his retirement, Alter said: “After an eternity of leadership responsibility and with all my passion, I am truly delighted to have found an excellent succession solution for my life’s work. I am confident Euro-Composites will continue to grow and thrive within this new framework.”
A Strategic Move for Schütz
For Schütz, the acquisition strengthens its COMPOSITES business unit, which already develops lightweight materials for aerospace under the CORMASTER brand. With annual revenue of €2.5 billion in 2024 and more than 7,000 employees worldwide, the company now gains Euro-Composites’ technical expertise and international reach.
In a press release, the firm said “The focus now is on ensuring a smooth integration process while continuing to live by the company’s values – quality, innovation, and reliability -into the future.”
Continuity and Confidence
Crucially, the deal ensures continuity: the existing management team and all employees will remain in place. Antitrust approvals are expected shortly, at which point the transaction will be formally completed. In the meantime, staff at all locations have already been informed, providing reassurance during the transition.
Schütz plans targeted investment in research, development, and international sales to further strengthen Euro-Composites’ position. The acquisition highlights Europe’s commitment to maintaining leadership in advanced materials while safeguarding the legacy of a company built over decades.
At a Glance
Euro-Composites S.A. is a specialist in high-performance composites, with production sites in Luxembourg, the United States, and Germany, employing around 1,000 people.
Schütz GmbH & Co. KGaA was founded in 1958. It is headquartered in Selters, Germany, with more than 7,000 employees and over 70 production and service locations worldwide. Business units include Packaging Systems, Energy Systems, Industrial Services, and Composites.
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