FREUDENBERG GROUP Overview
Company Headquarters: Weinheim, Germany
Founded: 1849
Workforce: ~50,000
Company Working: Freudenberg Group (Freudenberg) is a multinational conglomerate that provides a wide range of advanced products and services. Freudenberg & co. Kommanditgesellschaft is a parent company that looks after strategic management and Freudenberg Se looks after the business operations of the group company. Freudenberg is a diversified group of companies that offers products such as housewares and cleaning products, building materials, automobile parts, and textiles. It also provides clients telecommunication services. The group provides its products and services for applications in seals, technical textiles, vibration control components, filters, medical products, and specialty chemicals, among others. It caters to a wide range of end-use industries, including automotive, textile and apparel, mechanical and plant engineering, construction, mining, energy, chemical, medical technology, railway, civil aviation, and oil & gas. It sells industrial filtration products through its Freudenberg Filtration Technologies SE & Co. KG subsidiary. The group offers its products through four business segments, namely, seals and vibration control technology, nonwovens and filtration, household products, and specialties and others segment. Its industrial filtration products are included under its nonwovens and filtration segment.
Freudenberg has a strong presence in Italy, Japan, Russia, and Spain and has regional corporate centers across Asia-Pacific, North America, and South America. It has production facilities across North America, South Africa, Europe, Asia-Pacific, and South America. Japan Vilene Company, Ltd. (Japan), Freudenberg Process Seals Gmbh and Co Kg (Germany), Jump Distributors (Thailand) Co., Ltd. (Thailand), Alucon S.R.O. (Czechia) are some of its major subsidiaries.
Strategy
Freudenberg focuses on product development as a part of its organic strategy to integrate its industrial filtration products with advanced technology. It is continuously seeking opportunities to expand its presence in markets in developing countries such as India, China, and Japan. For instance, in April 2019, the group acquired Apollo Air-cleaner Co., Ltd. (Japan) to strengthen its presence in Japan. Moreover, its long-term growth strategy involves the expansion of its core business segments through acquisitions, which ensures its financial stability.
