Schutz to acquire Euro-Composites Group.

Schutz, a metal and plastic processing company, agreed to acquire Euro-Composites Group, a global player in the field of high-quality and sophisticated composite materials. Financial terms were not disclosed. "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 taking this step carefully and with full commitment to the future of our company. I am convinced that Euro-Composites will continue to grow and thrive within this new framework," Rolf Alter, Euro-Composites, Group founder.