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All-Finanz have bought Menzolit Group |
Heidelberg, April 23rd, 2009:
The contract to sell the Menzolit-group to the German investor All-Finanz was signed in Heidelberg on April 20th, 2009.
At the beginning of March 2009, the Swedish company Plastal, to which Menzolit formerly belonged, filed for insolvency. Prior to Plastal's insolvency, extensive negotiations were already in an advanced stage to sell Menzolit Compounds International GmbH and its subsidiaries, but delays were caused due to the actual circumstances of Plastal's insolvency .
This process has now been successfully concluded by All-Finanz (established in 1988 in Freising/Munich) who are a strategic investor and the exclusive shareholder of several medium-sized companies operating mainly in the field of the plastic-processing industry.
This is a bold step, paving the road for the future restructuring of the company and building a new foundation for the plants in France, Italy, Spain, Great-Britain and China. Thus Menzolit will strengthen its position as market leader and additional strategic possibilites will be established for the company. Menzolit will continue focussing its business on its core competences: the production of fibre-reinforced thermosetting compounds like SMC, BMC and CIC as well as the expansion and development of technology and products, which will allow the company to implement its innovative technologies in an optimal way.
I would like to take the opportunity to thank all our customers and suppliers for their confidence and loyalty.
On this note, be assured that your Menzolit team will continue its operations and business as usual. We "think future-think today".
Yours sincerely,
Christof Schultz, Managing Director |
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