The Rehau Group said it will sell its business in Russia to the local management and will withdraw completely from the country. A corresponding preliminary agreement has now been signed by both parties. Rehau had announced on March 4, 2022, to ramp down its business in Russia in a controlled manner. The development of the past weeks has made further decisions unavoidable, the company said in a statement.
The Rehau Group has been active in Russia for around 30 years and has served the market there primarily with polymer-based solutions for the window, construction and furniture sectors.