22.09.2015

NORD Holding invests in Lenzing Plastics in Austria

NORD Holding invests in Lenzing Plastics in Austria

Lenzing Plastics (www.lenzing-plastics.com) is an internationally leading manufacturer of products made from thermoplastic materials and fluoropolymers. The company has a broad technology platform for applications in various customer industries, ranging from classical extrusion lines and calendering machines for the production of high-strength stretched films, filaments and yarns to technical fabrics and laminates with different substrates. The company also offers a number of assembly options including the printing of the products. In 2014 Lenzing Plastics generated sales totalling 110 million euros, of which 95 percent were exports. The company currently employs 328 staff.

In 2013 Lenzing Plastics left Lenzing AG as part of a spin-off and was acquired by an Austrian investor consortium consisting of INVEST AG, Oberösterreichische Beteiligungsgesellschaft and Tyrol Equity with the participation of the management. NORD Holding took over the 30 % stake of Tyrol Equity following the latter's planned exit in summer 2015. The parties have agreed not to disclose financial details of the transaction, which was supported by NORD Holding's partner INVEST EQUITY, Vienna. Closing is subject to antitrust approval.

Lenzing Plastics continues to grow. Last autumn the technology and product portfolio was expanded with the introduction of a new hot melt line. Moreover, the company has recently established a new company (TEPSO GmbH) that is offering medical special wear for patients suffering from psoriasis. The blended fabrics are produced by Lenzing Plastics.

"Lenzing Plastics has grown continuously since 1988. The combination of high process and production expertise and modern technology forms the basis for further growth in the various customer industries," explained Thomas Bagusch, managing director of NORD Holding. "We became firstly interested in Lenzing Plastics in 2013 and are glad that it has finally resulted in a partnership."

"NORD Holding is one of the leading and oldest investment companies in Germany with extensive industry experience and an impressive and diverse portfolio. Based on this experience, NORD Holding can support and accompany us on our long-term growth path," explained Johann Huber, managing director of Lenzing Plastics.

 

About NORD Holding:

NORD Holding is one of the oldest and most established private equity investors in Germany with a 45-year history. The main activities are the structuring and financing of corporate succession models, the acquisition of parts of groups and subsidiaries, and the expansion financing of SMEs.

NORD Holding's investors are several North German savings banks, public insurance companies and pension funds as well as the Norddeutsche Landesbank. Unlike most other financial investors who only manage temporary funds, NORD Holding operates as a so-called "Evergreen Fund" and invests from its own balance sheet without time restriction. This enables portfolio companies to develop without external time pressure and realize their full growth potential.

The company is currently invested in more than 20 companies in Germany and German-speaking countries. Through its funds of funds division, NORD Holding has invested € 500 million in other private equity companies, particularly in Europe, and thus offers portfolio companies an international network.

 

Questions should be addressed to:

NORD Holding Unternehmensbeteiligungsgesellschaft mbH
Christiane Lukas
T +49 511 270415‐14
F +49 511 270415‐5
E lukas@nordholding.de

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