NORD Holding sells Rhodius to Equistone

NORD Holding sells Rhodius to Equistone

NORD Holding Hannover and the investment company BayBG Bayerische have sold their portfolio company Rhodius Holding GmbH, Weißenburg to the private equity investor Equistone Partners Europe.

Rhodius was founded in 1925. The company founder Max Rhodius became famous for wire mesh pot scourers. NORD Holding took over the majority of the shares in 2006 as part of a business succession. The seller at that time was the family-run Bürger AG in Hildesheim. In recent years the company has developed into a leading global manufacturer of components and modules for the automotive industry as well as environmental and process engineering. Core products include wire meshes for airbag production and industrial filter plants. With 450 employees at four production sites in Weißenburg (Bavaria), Laage (Mecklenburg-Vorpommern), Hungary and China, Rhodius has achieved sales of over € 40 million.

Together with a strong management team, Rhodius has successfully expanded into new lines of business in recent years and built up an international distribution and production structure. As a result, the group turnover and the number of employees has almost doubled in the past five years. "It was important for the existing shareholders and the management that with Equistone an international investor was found to further support the successful expansion of the company", commented Rainer Effinger, CEO of NORD Holding.

Equistone will continue with Rhodius' successful international growth strategy. "The company will continue to be at the forefront when it comes to innovation in vehicle safety and environmental systems. Rhodius is a company with significant potential that we primarily want to use to continue expansion into countries like China and USA", announced Dr. Peter Hammermann, senior partner at Equistone.

CEO Dr. Robert Kopetzky, who has been largely responsible for the current growth at Rhodius, remains at the helm with the new owner. "After a strong growth phase with the previous shareholders NORD Holding and BayBG, who supported the company and management superbly in the difficult 2008/09 period, we look forward to a successful future with Equistone", said Dr. Robert Kopetzky.

About NORD Holding (www.nordholding.de):

With its 45-year history NORD Holding is one of the leading private equityinvestors for upper mid-sized companies. Their main activity is the structuring and financing of corporate succession models, the acquisition of parts of groups and subsidiaries, and the expansion and financing of SMEs. NORD Holding's investors are several North German savings banks, public insurance companies and pension funds as well as the North German Landesbank.

Unlike most other financial investors, who only manage temporary funds, NORD Holding operates as a so-called "Evergreen Fund" without time limitation, investing from its own balance sheet. This gives the participating companies the opportunity to develop without external pressure and use their growth potential.

The company is currently involved with more than 30 companies in Germany and other German-speaking countries. Through its Funds of Funds division NORD Holding has invested € 500 million in investment companies, particularly in Europe, and thus offers the participating 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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