The expansion into powder coating underscores coatmaster's commitment to diversification and market resilience. By strengthening its distribution channels, the company is poised to meet burgeoning demand and cater to a wider clientele, thereby amplifying its market presence and consolidating its position as an industry and technology leader.

In parallel, coatmaster's entry into the battery industry heralds an exciting chapter of innovation and collaboration. Through securing major contracts with globally leading OEMs, the company is poised to play a pivotal role in shaping the future of energy storage in automotives and data centers. Leveraging its expertise and resources, coatmaster is primed to deliver cutting-edge solutions that redefine industry standards and accelerate the transition towards sustainable mobility.

Dr. Ralph Mennicke brings a wealth of experience and expertise to coatmaster, with a background in non-destructive testing and advanced sensors and metrology, digital products, and international business management. His proven track record of achieving substantial growth, fostering innovation, and building strong customer relationships makes him an invaluable addition to the coatmaster team.

Andor Bariska and Prof. Dr. Nils Reinke, as founding members of coatmaster, continue to define the company's strategy and play pivotal roles in its growth and success, remaining actively involved in the business. Their ongoing commitment particularly in sales and key accounts in the two business areas “powder” and “battery” underscores coatmaster's dedication to excellence and innovation in the industry.

Andor Bariska, one of coatmaster's founders: “I am excited and eager to lead the key accounts, sales, and services for the new battery business, signifying a new era of growth and innovation for the company alongside the new management recruitment. We are confident that Dr. Mennicke's strategic vision and expertise will propel us to new heights, delivering even greater value to our customers and stakeholders."

Prof. Dr. Nils Reinke, the second founding member of coatmaster, shares in this optimism, stating, "This day signifies a pivotal moment for coatmaster, as we invest into our customer base in the powder coating sector and add a new application field. Dr. Mennicke’s will fuel us to capitalize on emerging opportunities and navigate challenges with agility and foresight, ensuring the continued success and relevance of our solutions in the market."

"I am thrilled to join coatmaster as CEO and excited to work alongside Andor Bariska, Prof. Dr. Nils Reinke, and the entire team to drive growth, innovation, and operational excellence within the exciting business areas of powder coatings and insulating coatings of battery cells," says Dr. Ralph Mennicke.