BATTENFELD
Adcuram acquires injection moulding pioneer / Portfolio build-up in plastics machinery market
Adcuram Industriekapital (Munich / Germany; www.adcuram.de) has acquired injection moulding machinery manufacturer Battenfeld Kunststoffmaschinen (Kottingbrunn / Austria; www.battenfeld.at) with all its 13 subsidiaries for an undisclosed sum. Seller is SMS (Düsseldorf / Germany; www.sms-group.com). This widens the private equity group´s involvement in plastics technology. In 2004, it purchased blow moulding machinery manufacturer Kautex Maschinenbau (Bonn / Germany; www.kautex-group.com) – see Plasteurope.com Web of 25.11.2004.
At the end of June 2006, Battenfeld´s injection moulding activities were concentrated at one production site, and the original site at Meinerzhagen / Germany was closed – see Plasteurope.com Web of 10.04.2006. At the same time, the portfolio was streamlined, leaving annual sales at around EUR 100m. The company currently has a workforce of 620.
Adcuram said it intends to expand its investment in services and R&D, push international sales and drive growth in particular through strategic partnerships and "appropriate" acquisitions. CEO Thomas W. Probst said: "We are looking forward to supporting the long-term advancement of Battenfeld as a force for innovation in the injection moulding field."
Adcuram specialises in buying and further developing medium-sized companies and subsidiaries of large companies that no longer form part of the previous owner´s core business. Its portfolio is focused on the machinery manufacturing and plant construction, automotive, electrical engineering, materials and chemical/pharmaceutical sectors. Group companies currently yield sales of more than EUR 500m, and the emphasis for the future will be on further growth.
For the present, at least, the entire extrusion technology activities of the Battenfeld brand will remain with SMS. That company last week announced the appointment of Pepyn R. Dinandt as a member of the group management team and head of plastics technology. Dinandt headed Mannesmann Plastics Machinery (MPM, Munich / Germany; www.mpm-group.com) for more than four years. He stepped down in July 2006 following the machinery manufacturer´s acquisition by private equity group Madison Capital Partners (MCP, Chicago, Illinois / USA; www.madisoncapitalpartners.net).
At the end of June 2006, Battenfeld´s injection moulding activities were concentrated at one production site, and the original site at Meinerzhagen / Germany was closed – see Plasteurope.com Web of 10.04.2006. At the same time, the portfolio was streamlined, leaving annual sales at around EUR 100m. The company currently has a workforce of 620.
Adcuram said it intends to expand its investment in services and R&D, push international sales and drive growth in particular through strategic partnerships and "appropriate" acquisitions. CEO Thomas W. Probst said: "We are looking forward to supporting the long-term advancement of Battenfeld as a force for innovation in the injection moulding field."
Adcuram specialises in buying and further developing medium-sized companies and subsidiaries of large companies that no longer form part of the previous owner´s core business. Its portfolio is focused on the machinery manufacturing and plant construction, automotive, electrical engineering, materials and chemical/pharmaceutical sectors. Group companies currently yield sales of more than EUR 500m, and the emphasis for the future will be on further growth.
For the present, at least, the entire extrusion technology activities of the Battenfeld brand will remain with SMS. That company last week announced the appointment of Pepyn R. Dinandt as a member of the group management team and head of plastics technology. Dinandt headed Mannesmann Plastics Machinery (MPM, Munich / Germany; www.mpm-group.com) for more than four years. He stepped down in July 2006 following the machinery manufacturer´s acquisition by private equity group Madison Capital Partners (MCP, Chicago, Illinois / USA; www.madisoncapitalpartners.net).
17.10.2006 Plasteurope.com [206581]
Published on 17.10.2006
German version of this article...