BASS is going to become part of the OSG Group
The Niederstetten-based company BASS is going to become part of the Japanese OSG Group and thus the first European location with threading tool production of the listed group.
OSG and BASS are among the worldwide leading providers in solutions for thread machining. With the acquisition of BASS, a medium-sized company specializing in threading tools, the internationally oriented OSG Group will strengthen its market position in Europe.
Together, the companies represent more than 150 years of experience in the development, production and sale of innovative solutions for the manufacturing industry. The family-owned company BASS which is extremely solid in economic terms and always geared to growth, hopes to achieve a further growth spurt and synergies in the further development of products and processes by becoming part of the global player.
The previous Managing Owner is leaving the company. Managing Director Martin Zeller will remain with BASS. He sees BASS very well positioned for the future: "We see ourselves in very good and extremely experienced hands with OSG and their main owner family. Our future parent company is renowned in the industry and is respected for its high level of competence".
OSG is also excited to announce the decision to invest in BASS GmbH & Co. KG. OSG will partner with the organization in Niederstetten to improve the group’s service offering. BASS and OSG share many values as manufacturers who are committed to offer best solutions in thread making. “We will further build on our commitment to contribute to the manufacturing industry of Germany”, says Hideaki Osawa, Managing Director and Board Member of OSG EUROPE, Managing Officer and Board Member of OSG Corporation, grandson of the OSG founder Hideo Osawa and member of the founder family and also shareholder of the in Japan stock listed OSG.
Brand and company BASS will remain in the market with all contracts untouched. The takeover is still subject to clearance from the Federal Cartel Office.
Niederstetten January 2020
Supplement: The Federal Cartel Office has approved the takeover.
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