Tag Archives: Industrie

Altor acquires a significant minority stake in Svea Solar – continuing its growth in climate transition investments

Altor

Altor Fund V (“Altor”) has signed an agreement to acquire a significant minority stake in Svea Solar and enter into a partnership with the founders and management to support the continued growth of the company. The founders Erik Martinson and Björn Lind will continue in their roles as CEO and Head of Operations and remain major shareholders of the company.

Founded in 2013, Svea Solar is the #1 integrated solar solutions & service provider in Sweden and #3 in Europe with revenues above SEK 1bn (2021). The company serves more than 20 000 customers primarily focusing on the residential segment, but also through selected corporate partnerships. Starting out in Sweden, Svea Solar entered Spain in 2019, and further expanded into Germany and Benelux in 2020. The headquarters are located in Stockholm and the company currently employs ~700 people.

As part of the transaction, Altor is injecting significant growth capital into the company, to support the accelerated geographical expansion as well as launch of a fully integrated residential solar offering in the near term. In addition, Altor is acquiring all outstanding shares from current shareholder Axsol AB. In total, this makes Altor the lead investor in Svea Solar.

“It is more important than ever to quickly scale up Europe’s access to clean energy, not only for the sake of the climate, but also to ensure that Europe becomes self-sufficient on energy. This enormous contribution from an experienced and engaged investor like Altor will enable us to further contribute to a more sustainable, resilient, and independent energy system. For us it was vital that Altor shared our vision of a future without fossil fuels, where we help people to become self-sufficient on clean energy as quickly as possible. We really look forward to start working closely with a world class investor like Altor,” says Svea Solar’s CEO and co-founder Erik Martinson.

“The investment builds on Altor’s investment track-record in green transition businesses and is a testament to our strong conviction in solar as a critical component for European energy supply and balance. Svea Solar has quickly become the leading residential solar company in Sweden, with established positions in Spain, Germany, Belgium and the Netherlands. Svea Solar’s innovative team has built a remarkable brand position and we are certain they will continue to play a key role in driving the green energy transition in Europe in the years to come. We look forward to partnering with the Svea Solar team and shareholders to deliver on that ambition.” says Herman Korsgaard, Director at Altor.

For more information, please contact:
Tor Krusell, Head of Communications at Altor, tor.krusell@altor.com, +46 705 43 87 47

About Altor
Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 5 billion in more than 75 companies. The investments have been made in medium sized predominantly Nordic companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are OX2 and H2 Green Steel. For more information visit www.altor.com

About Svea Solar
Svea Solar is one of Europe’s fastest growing cleantech companies and the #1 solar solution provider in Sweden. Starting in 2014 Svea Solar now has operations in five markets in Europe with over 700 employees. Svea Solar offers a powerful solution for sustainable living with solar panel systems, batteries, electric car chargers, fossil-free electricity contracts, and a platform enabling customers to produce, consume and sell their power. In addition, Svea Solar develops large-scale energy production. Svea Solar aims for a world where everyone can be self-sufficient on clean energy. Svea Solar has operations in Sweden, Germany, Spain, Belgium and the Netherlands. For more information visit www.sveasolar.com

Author: Katarina Karlsson
Date: 2022.03.24
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Audax Private Equity Completes the Sale of Smart Care Equipment Solutions to Zone Climate Services

Audax Group

Audax Private Equity (“Audax”) today announced that it has completed the sale of Smart Care Equipment Solutions (“Smart Care” or the “Company”), a leading provider of commercial kitchen equipment maintenance services, to Zone Climate Services, a provider of mission-critical refrigeration and HVAC services that is backed by Wind Point Partners. Financial terms of the transaction were not disclosed.

Headquartered in Minneapolis / St. Paul, Minnesota, Smart Care helps some of the largest and most selective foodservice brands maximize revenue and deliver their brand promise by providing repair and maintenance services that help ensure their customers’ commercial kitchen equipment is operational. Working in partnership with Audax, the Smart Care team executed on Audax’ Buy & Build strategy, completing 14 add-on acquisitions, growing to over 1,400 employees, and completing over 350,000 service events annually.

Since partnering with Audax in November 2017, Smart Care delivered this transformational growth and value creation by:

  • Successfully carving out the business from a Fortune 250 company, which included establishing the new Smart Care brand, building essential functional teams, and adding capabilities required to help deliver on ambitious growth targets.
  • Transforming Smart Care into a strategic asset with significant investments in talent and a world class IT infrastructure, including proprietary reporting that enables customers to maximize uptime and reduce operating costs.
  • Leveraging investments in sales and innovation to drive organic growth.
  • Acquiring 14 service companies that strengthened Smart Care’s core service offering, while entering two adjacent markets to better serve customers.

Don Bramley, Managing Director at Audax, said, “We are proud of the business we built working with the Smart Care team. From the start, we were aligned on how we would execute our Buy & Build strategy to help create a company that would deliver value for Smart Care’s customers, associates, communities, and investors. We wish Bill Emory, Smart Care’s CEO, and the entire Smart Care organization continued success as they embark on their next chapter of growth.”

Bill Emory added, “My Team and I feel very fortunate to have had Audax as a partner over the past four years. They played a critical role in our success by providing unmatched operational expertise and deep business acumen where we needed them. In short, our success is a direct reflection of what Don and his Team brought to Smart Care and they share equally in our success. Looking forward, we are excited partner with Zone Climate Services to continue to execute on our growth strategy. As I move into a new role as Smart Care Equipment Solution’s Chairman, I am excited to work closely with Smart Care’s talented and new CEO, Henry Lees-Buckley, who will manage the combined organization.”

Harris Williams served as financial advisor and Ropes & Gray served as legal advisor to Audax Private Equity.

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The Gantrex Group a company supported by Argos Wityu acquires ABS Consultor

argos wityu

In so doing, the Gantrex Group expands its Port Crane Services offer.

Nivelles (Belgium), 1 February 2022 – The Gantrex Group, through its Spanish subsidiary Gantrex Spain S.A., has signed a Share Purchase Agreement in which it has acquired 100% of the shares of Bravo Silva Consultoría Técnica, S.L., also known as “ABS Consultor”, for an undisclosed amount.

With this transaction Gantrex takes the first step executing its new “Gantrex 4.0” strategic plan, in which management aims to create a more intimate customer relation through addition of mechanical services and new digital solutions, and by doing so increase global revenue in line with our ambitions.

In recent years both Gantrex and ABS have developed a new global service activity focused on repair and modification of trolley rail systems on container handling cranes. In executing these projects, port customers often asked Gantrex to go beyond its traditional scope and include a wider range of mechanical services. The acquisition of ABS will allow the scope of services to be expanded and provide a more complete offering to customers in the region. In addition, the Company expects to leverage its global presence of regional inventories to further develop sales of a variety of crane parts.

Antonio Bravo Silva, ABS Managing Director, “In a first contact, I recognized the business synergy and the potential to be part of the Gantrex Group would have. To sell the Company was a difficult decision, because we created a consolidated company, with great professional team, offering diversified services and products for all types of port cranes, keeping our customers loyal in this difficult-to-reach sector. Now we close one stage, result of sacrifice, hard work and perseverance to face this new future with even more optimism and enthusiasm to continue growing within this great organization”

Alberto Beraza, Gantrex VP SW-Europe & Latin America, “For Gantrex in addition to measuring the potential of the operation, it was and is being a learning process in certain aspects, the markets of both companies are parallel, but not the same. Concepts such as designing or adapting spare parts to the needs of each crane is a very interesting line to be easily exported to the Worldwide Port Market. As planned in “Gantrex 4.0”, Port Crane Business opens very interesting doors for the coming years”

Maarten Impens, Gantrex Group CEO, “In discussing with Antonio and his team, we immediately recognized a company which shares the same values in terms of Quality, Innovation and Business Ethics as we do at Gantrex. Our customers in the port industry are increasingly asking to expand our mechanical service offering beyond traditional crane rail solutions, and with the integration of ABS into the Gantrex Group we will be able to provide them a more complete answer. This is an exciting first step in the execution of our new strategic growth plan and we look forward to growing the business alongside Antonio and his team.”

Maarten Meijssen - Argos Wityu

Maarten Meijssen, Argos Wityu Partner, “The acquisition by Gantrex of ABS is perfectly in line with the group’s strategy to develop its port crane services. Thanks to their overlapping client portfolios this is a highly value enhancing partnership for Gantrex, ABS and their clients.”

Argos Wityu team: Maarten Meijssen, Arne Louwagie

Advisers
Buy side
LEGAL & TAX: Garrigues (Laura Muñoz, Alexandra Beltran, Marcos Modrego)
FINANCIAL: Deloitte (Oscar Arroyo Revilla, Victoria Trueba)

Sell side
LEGAL, FINANCIAL & TAX: Altalex Asesores (Eduardo Castaño, Carlos Izuel)

Argos Wityu

Coralie Cornet
Head of Communications
ccc@argos.fund
+33 6 14 38 33 37

Gantrex

Maarten Impens
Gantrex Group CEO
maarten.impens@gantrex.com
+32 67 888 030

About Argos Wityu / www.argos.wityu.fund
Argos Wityu is an independent European investment fund that supports companies in the transfer of business ownership. It has assisted more than 80 entrepreneurs, focusing its investment strategy on complex transactions with emphasis on transformation, growth, and close collaboration with management teams. Argos Wityu seeks to acquire majority interests and invest between €10m and €100m with each transaction. With more than €1bn under management and 30 years of experience, Argos Wityu operates from offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris.

About Gantrex / www.gantrex.com
Founded in 1971, having its corporate headquarters in Belgium and regional offices in USA, Canada, Germany, Spain, China, Singapore, India and the UAE, Gantrex is the global market leader in production, distribution, installation and maintenance of high-quality crane rail solutions. Its products are used in many different applications and end-markets including ports, shipyards, steel mills, aluminium smelters, railway depots and heavy industries. The group realizes a turnover of ~€90m and employs approximately 350 people globally in 20 countries. In October 2015, Gantrex was acquired by Argos Wityu, a pan-European investment fund with offices in Paris, Milan, Brussels, Frankfurt and Geneva.

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Arsenal Acquires ATP Group from Bregal Unternehmerkapital

Arsenal Capital Partners

New York, NY and Luxembourg- Bregal Unternehmerkapital (“BU”) announced the sale of ATP Group (“ATP“), a leading manufacturer of water-based adhesive tapes, to Arsenal Capital Partners (“Arsenal”). The terms of the transaction were not disclosed.

ATP, headquartered in Wollerau, Switzerland, with production sites in Bad Kreuzburg (Germany), Philadelphia (USA), and Ipswich (United Kingdom), employs approximately 460 staff and has its own R&D capabilities to develop single- and double-sided high-performing industrial adhesive tapes, tailored individually to specific customer requirements. The products are manufactured on state-of-the-art coating machines and utilized by customers in a broad range of medical, mobility, construction, electronics, industrial, and graphics applications. Furthermore, being water-based, ATP’s high-quality adhesive tapes are also considerably more environmentally friendly than other adhesive solutions.

“We appreciate the hands-on support that Bregal Unternehmerkapital has provided us during our partnership,” said Daniel Heini, President and Chief Executive Officer of ATP. “Our commitment to environmentally friendly solutions provides a long-term growth opportunity for ATP. We are excited to partner with Arsenal to continue our global expansion and become the partner of choice of specialty water-based tapes to our international customer base.”

Felix Werdin, a Partner of BU, added, “We appreciate the continuous development of ATP by Daniel Heini and the entire ATP management team into the leading water-based adhesive tapes manufacturer. We are proud to have supported the team to accelerate the company’s overseas expansion over the past years, and we are convinced that ATP is well positioned for the next stage of its impressive growth trajectory with its new partner Arsenal.”

Roy Seroussi, an Investment Partner of Arsenal, commented, “We see a significant unmet need for environmentally friendly tapes across technically demanding end markets, and ATP is at the forefront of this substitution trend. Together with Daniel and ATP’s management team, Arsenal intends to accelerate the company’s global growth strategy through innovation, manufacturing extensions, and acquisitions.”

Morgan Stanley & Co. LLC acted as exclusive financial advisor to Bregal Unternehmerkapital and ATP. Houlihan Lokey served as a financial advisor to Arsenal.

About ATP Group
Founded in 1988 and headquartered in Wollerau, Switzerland, ATP is the leading developer, manufacturer, and supplier of all types of specialized, single-sided and double-sided water based adhesive tapes. ATP’s business model is driven by developing customized and bespoke products for its customers. The company has a well-established global distribution network and serves customers across 60+ countries worldwide. ATP pioneered water-based adhesive tape technology, which is significantly more environmentally friendly. For more information, visit www.atp-ag.com.

About Bregal Unternehmerkapital
BU is part of a family-owned business that has grown over several generations. The BU funds invest in mid-sized companies in the DACH region and Northern Italy across a wide range of sectors with a focus on market leaders and “hidden champions” with strong management teams and outbreak potential. With patient capital, entrepreneurial expertise and a partnership approach, our team works closely with entrepreneurs to develop, internationalize, and digitalize portfolio companies, and to help them generate sustainable value on a responsible basis.

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Latour acquires Telesteps AB

Latour logo
2022-02-01 14:45

Investment AB Latour has, through its fully owned subsidiary Hultafors Group AB, acquired 100 per cent of the shares in Telesteps AB (“Telesteps”) from Heim Holding AB.

Telesteps is a leading manufacturer of telescopic ladders for professional end users. The company is located in Tranås, Sweden, with distribution on a global basis. Net sales amounts to about SEK 87 m in 2021 with a profitability well in line with Hultafors Group’s.

”We have been interested in acquiring Telesteps for a long time as we see their product portfolio of telescopic ladders as an excellent complement to our existing offering within ladders under our brand Wibe Ladders. We are impressed by their strong market reputation and innovation capabilities and look forward to developing and growing the business further together”, says Torbjörn Eriksson, President Hardware Europe in Hultafors Group.

“Together with Hultafors Group I see a huge potential to accelerate our growth and continue the international expansion journey, so it was a natural choice to proceed with Hultafors Group as a long-term owner”, says Peter Heim, CEO for Telesteps.

As an effect of the acquisition the net debt of the Latour Group increases with around SEK 90 m.

Göteborg, 1 February 2022

INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO

For further information, please contact:
Martin Knobloch, CEO Hultafors Group, +46 722 148 946
Jens Eriksson, CFO Hultafors Group AB, +46 702 114 601
Fredrika Ekman, Investment Director, Investment AB Latour, +46 72 584 93 43

Hultafors Group is one of Europe’s largest companies to supply workwear, footwear, head protection, hand tools and ladders for professional users. The products are developed, manufactured and marketed as their own brands, which are available through leading distributors in almost 70 countries worldwide, with emphasis on Europe and North America. Hultafors Group has more than 1,600 employees and an annual turnover of ca SEK 5.5 billion on a R12 basis (September 2021).

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 83 billion. The wholly-owned industrial operations has an annual turnover of SEK 17 billion.

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Gimv acquires GSDI Group, the European leader in surface treatment and adhesive film application, to support its next stage of growth

GIMV
Topic: Investment

Gimv acquires a majority stake in GSDI Group, alongside its founder and management team, in order to support its growth in the French and international rail market and to accelerate its development in new application segments.

Founded nearly 30 years ago by its current CEO, Jacques Coueffé, GSDI (Massy – FR, www.gsdi.fr ) specialises in the surface treatment and installation of technical adhesive films. The Group offers complete solutions for renovation, thermal comfort, protection and decoration to its customers, who are present in the railway, building and food sectors. GSDI relies on the largest installation force in Europe with 160 applicators, all trained internally in its approved training center. The Group, which benefits from structural environmental trends, such as the development of rail transport and the energy transition in buildings, has a turnover of more than 30 million euros.

The Group has a recognised know-how in the railway sector, where it has developed strongly in the recent years thanks to its unique and reputable technical expertise in the application of films, and its ability to manage large and complex projects. This has enabled GSDI to support its customers abroad by opening subsidiaries in Spain, South Africa and Poland.

Gimv’s investment into GSDI’s capital, alongside Jacques Coueffé, who remains an important shareholder, and the management team, will enable the Group to support its growth ambitions in the railway market, both in France and internationally, and to accelerate its development in new high-growth segments. GSDI plans to expand its presence in the building sector, with the installation of thermal films to improve the energy performance of existing buildings, and applications to  improve hygiene and safety in the food industry. Throughout this primary LBO, Gimv will also support the structuring of the GSDI Group.

Jacques Coueffé, CEO of GSDI, says: “I am very happy with the arrival of Gimv, which my team and I found to be the ideal partner to enable GSDI to accelerate its growth and strengthen its organisation. The real understanding we quickly established between us, and the desire to work together, were key elements in our choice. Gimv also demonstrated a thorough understanding of our challenges and how to meet them, as well as a real know-how in B2B services. We are therefore looking forward to this partnership.”

Nicolas de Saint Laon, Head of Gimv France, and Maxence Kasper, Principal at Gimv, declare: “We are delighted to be able to support the entire GSDI management team in this new phase. The company benefits from unique assets to pursue its growth in the railway market, where it is already a reference, and to strongly accelerate its growth in new segments. This primary transaction fits perfectly with our Sustainable Cities sector investment platform, supporting the transformation of a group benefiting from structural environmental trends, such as the development of rail transport and the energy transition in buildings. Our expertise in BtoB services will also allow us to support the structuring of GSDI in France and internationally.”

Read the full press release:

English – French – Dutch
Gimv
Karel Oomsstraat 37, 2018 Antwerpen, Belgium

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Egeria acquires Isoplus, to support its next growth phase

Egeria

Amsterdam / Munich / Rosenheim – 26th January 2022 – Egeria acquires Isoplus, a leading manufacturer of pre-insulated district heating piping systems.

Egeria, an independent pan-European investment company, announced that it will acquire 100% of the shares of Isoplus. Isoplus, headquartered in Germany, is a leading provider of pre-insulated piping systems, mainly for district heating. The current management will invest a minority stake in the company and will continue to lead the business. The acquisition is subject to customary closing conditions and is expected to be finalized in the first quarter of 2022. Financial details of the transaction have not been disclosed.

Isoplus was founded in 1974 and has developed into a market leading player in the European market for district heating. The company operates 8 production locations, employs c. 1,200 employees, and is active in over 30 countries.

District heating is seen as key element in the transition towards CO2-neutral heat generation. Isoplus is well positioned to contribute to and benefit from this attractive market with strong momentum, driven by a clear need for expansion of green heating. The investment by Egeria provides the company with the financial backing and operational support to accelerate growth and further grow the company as a leading provider of sustainable services for green heat across Europe.

Hannes Rumer, Managing Partner DACH at Egeria in Munich: “We are impressed by Isoplus’ growth track record. Through continuous entrepreneurship, Isoplus has built a leading position in an attractive market. Isoplus is a strong platform for future growth, and we aim to further strengthen its position as a leading provider of sustainable green heat solutions. We look forward to partnering with management and supporting the company during the next growth phase.”

Wolfgang Blumschein, Roland Hirner, and Jörg Kauschat, Isoplus Management: “We are glad that Egeria will become the new main shareholder of Isoplus. Over the past years we have continuously developed Isoplus into one of the market leaders for district heating pipes. We believe Isoplus is ready to accelerate growth as a provider of sustainable heat services and see Egeria as the ideal partner to realize the next growth phase.”

About Isoplus Group
Isoplus is a leading provider of pre-insulated piping systems, mainly for district heating. In addition to heat-insulated pipes, Isoplus also provides joint installation services and coating services for other industrial pipes and products. The company’s offering includes planning, project management, production, support during construction, installation, documentation, and network monitoring. The company has a dispersed customer base of local utility providers, municipalities, and contractors, which it services through a direct sales model.
For more information on Isoplus, please visit: www.isoplus-pipes.com

About Egeria
Egeria is an independent pan-European investment company founded in 1997, which focuses on medium-sized companies. Egeria invests in healthy companies with growth potential. Egeria believes in building businesses jointly with entrepreneurial management teams (Boldly Building Together). Egeria Private Equity Funds have interests in 13 companies in the Netherlands and the DACH region, while Egeria Evergreen has investments in 7 companies. Egeria’s portfolio companies generate combined revenues of more than EUR 2.4 billion and employ circa 12,500 people. Other activities include Egeria Real Estate Investments, Egeria Real Estate Development and Egeria Listed Investments. In 2018 Egeria launched “Egeriado“, a corporate giving program that supports projects in the world of art, culture, and society.
For more information on Egeria, please visit: www.egeriagroup.com

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Exxelia invests in Alcon Electronics, expanding its offering in Film & Aluminum electrolytic capacitors and extending its footprint into India

IK Partners

PARIS, France and NASHIK, India, January 18th, 2022 – Exxelia, a leading designer and manufacturer of high-performance passive components and sub-systems, announces that it has completed the majority acquisition of Alcon Electronics on December 29th, 2021. Alcon is a leading Indian designer and manufacturer of catalog and custom-designed film & aluminum electrolytic capacitors, specifically serving the renewable energy, induction heating equipment, medical imaging, power generation, and railways end markets.

Established in 1977 in Nashik, India, Alcon Electronics offers a wide range of film and screw terminal aluminum electrolytic capacitors for power electronic applications. Through continuous innovation and a focus on R&D, Alcon meets the evolving customized requirements and high-quality standards of its products and enjoys long-standing relationships with both Indian and international clients.

Since inception, Alcon has heavily invested in its state-of-the art facility in Nashik, India, becoming a niche-market leader in the country and competing with large international players.

With this partnership, Exxelia will benefit from the unique engineering capabilities of Alcon centered around testing & instrumentation equipment, leveraging it extensively within the group.

Paul Maisonnier, Chief Executive Officer of Exxelia, said: “We are excited to have Alcon join the Exxelia family! Alcon is an established, niche-market leader with great technology, very talented and committed teams and deep business and technical knowledge. Thanks to Alcon, we significantly strengthen our film and electrolytic product portfolio, and we gain a foothold in India which will allow us to better seize opportunities in this booming region and support our French customers with regards to their offset obligations”.

Siddharth Sachdev, Managing Director and Chief Executive Officer of Alcon Electronics, added: “Alcon is delighted to be a part of Exxelia, a people-centric passive component group focused on high reliability products for professional markets. We found ourselves sharing common values and vision and we believe that this combination enhances the capabilities of both groups to serve our combined customer base in film & aluminum electrolytic capacitors both in India and globally.”

KPMG India acted as the exclusive financial advisor to the shareholders of Alcon Electronics and Lincoln International acted as the exclusive financial advisor to Exxelia, for this transaction. On the legal side, Pioneer Legal, India acted as the legal advisors to Alcon Electronics and BTG Legal, India acted as the legal advisors to Exxelia.

Marie EVRARD
Marketing & Communication
Tel : +33 (0)1 49 23 10 66
marie.evrard@exxelia.com

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An EGF loan of EUR 100 million to Outokumpu

Finnvera
Finnvera has granted Outokumpu plc a loan of EUR 100 million with European Investment Bank’s (EIB) EGF guarantee.
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Finnvera has granted Outokumpu plc a loan of EUR 100 million with European Investment Bank’s (EIB) EGF guarantee.

Finnvera joined EIB’s Pan-European Guarantee Fund (EGF) programme in April 2021. The programme enables Finnvera to grant a total of EUR 650 million of working capital and investment loans, mainly for the financing needs of large enterprises. This funding will have a 75% EIB guarantee.

The program will continue until the end of June 2022.

The Guarantee Fund is intended for large and medium-sized enterprises which exceed the limits of the EU’s SME definition by having a staff headcount of 250 or more, an annual turnover of over EUR 50 million, and a balance sheet total in excess of EUR 43 million.

The loans under the guarantee programme will be provided directly by Finnvera. An individual loan amount may not exceed EUR 100 million, and the credit period is at maximum six years. The more detailed terms and conditions of the financing will be agreed upon individually for each project. In principle, the same terms and conditions will apply as to the company’s other financing.

Read also: Possibility to grant loans to large companies under the Pan-European Guarantee Fund will continue until the end of June 2022

Finnvera credit under EGF guarantee
Borrower: Outokumpu plc
Credit amount: EUR 100 million working capital limit
Credit period: 4 years
Agreement entered: December 2021
Date of publish: 11 January 2022

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Nordstjernan’s subsidiary Rosti acquires Plastic Components, Inc.

Nordstjernan

Nordstjernan’s wholly owned subsidiary Rosti has acquired 100 percent of the shares in the US company Plastic Components, Inc. (“PCI”). The acquisition of PCI strengthens Rosti’s global position in plastic injection molding and creates a platform for continued growth in North America.

Rosti develops and manufactures injection-molded plastic components. The company’s offering includes container closures and lids for the food industry as well as manufacturing of components and complete products for selected consumer and industrial sectors. The company has manufacturing operations in China, Malaysia, Poland, Romania, the UK, Sweden, Turkey and Germany. Rosti had sales of approximately EUR 323 million in 2020.

 

PCI offers plastic injection molding in North America, with long-standing business relationships with a diverse customer base. The company – which boasts a high degree of innovation, with state-of-the-art production facilities in Germantown, Wisconsin, Clearfield, Utah and Cary, North Carolina – was sold by MPE Partners and a number of minority investors. The parties have agreed keep the full terms and conditions of the transaction confidential.

 

“Through the acquisition of PCI, Rosti is establishing a global footprint in plastic injection molding. This add-on acquisition is aligned with Nordstjernan’s focus on building leading international industrial companies,” says Nordstjernan’s CEO Peter Hofvenstam.

 

“M&A is an important part of Rosti’s growth strategy. We actively look for high-quality companies that can add new areas of expertise, geographic markets and customer segments. Through the acquisition of PCI, we are broadening Rosti’s customer base and creating an important platform for continued growth in the US. This will benefit our new and existing customers,” says Rosti’s Chairman Eric Persson.

 

Rosti is part of Nordstjernan’s Industry sector, which accounts for approximately one-fifth of Nordstjernan’s net asset value. In the Industry sector, Nordstjernan invests in industrial companies with an established business and which have long-term global growth potential.

 

 

Peter Hofvenstam

President and CEO

Nordstjernan AB
For more information, visit

 

Peter Hofvenstam, CEO, Nordstjernan

E-mail: peter.hofvenstam@nordstjernan.se

 

Stefan Stern, Head of Communications, Nordstjernan

Telephone: +46 70 636 74 17

E-mail: stefan.stern@nordstjernan.se

 

 

 

Nordstjernan is a family-controlled investment company whose business concept is to be an active owner that creates long-term value growth. More information about Nordstjernan can be found on www.nordstjernan.se.

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