27.04.2018

NORD Holding sells stake in Lenzing Plastics

NORD Holding sells stake in Lenzing Plastics

NORD Holding Unternehmensbeteiligungsgesellschaft mbH, Hannover, has sold its minority stake in Austrian manufacturer Lenzing Plastics to an investor consortium led by Invest AG and Oberösterreichische Beteiligungsgesellschaft. Execution of the transaction is still subject to approval by competition authorities.

With turnover of around € 120 m in 2017, Lenzing Plastics is a global leader for polyolefin and fluoropolymer products, with a focus on monoaxial extrusion of polymers. Lenzing Plastics' thermoplastic production supplies films, tapes and yarns, fabrics as well as laminates with a high strength. Extensive expertise in the PTFE field enables the company to devlop and manufacture high-quality specialist products. Lenzing Plastics thus offers special solutions in the fields of construction & insulation, medicine & hygiene, packaging, cable industry, automotive and technical textiles.

NORD Holding acquired a 30 % interest in Lenzing Plastics in 2015, alongside its Austrian partners, INVEST EQUITY, Vienna. The transaction was part of a de-merger and a typical opportunity for NORD Holding. We have built up a wealth of experience and expertise in this field," comments Mirco Thelen, who supervised NORD Holding's investment. "Excellent cooperation between investors and the company's very professional management allowed Lenzing Plastics to thrive throughout the holding period. Joint investment decisions, the focus on sales acitivities and an expansion of the niche strategy in the PTFE field contributed to the successful development of the business."

About NORD Holding:
With a history going back 49 years, NORD Holding is one of the leading equity investors for the lower mid-market. Its activities focus on structuring and financing company succession models, takeovers of parts or subsidiaries of corporate groups, and expansion financing of mid-sized companies.

Investors in NORD Holding are several north German savings banks (Sparkassen), insurance companies and occupational pension plans. In contrast to most other financial investors, which merely manage time-limited funds, NORD Holding operates as a so-called "evergreen fund", without a fixed term, and invests its own assets. This enables its affiliated companies to develop without external time pressure and to take advantage of their growth potential.

The group currently holds investments in over 25 companies in Germany and the broader German-speaking region. Via its umbrella funds division, NORD Holding has also invested € 1 bn in affiliated companies across Europe, thus offering its partners an international network.

If you have any questions, please contact:

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

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