Conzzeta AG said it has decided to explore sales offers for Mammut after deciding the company’s future focus will be on the Bystronic business unit.
Bystronic is one of the world’s leading providers of premium sheet metal processing solutions.
According to a statement, “the Mammut business unit is on schedule with the five-year strategic plan it began implementing in 2016. This program included honing the brand, upgrading the collection, building digital distribution channels, thereby laying the foundations for profitable growth. In 2018, Mammut generated sales of just over CHF 250 million with almost 900 employees. Although sales and profits increased significantly from 2016 to 2018 and more improvements are expected in 2019, Mammut, as part of Conzzeta, does not have the necessary market access outside Europe to realize its potential in the foreseeable future. Conzzeta is therefore evaluating buyers that meet the required criteria. Depending on the market situation, the sale should be completed by the end of 2020.”