Munich, Germany — Hennecke is to be bought by Capvis, a Swiss financial investor, eight years after Adcuram bought the business from Bayer.
Capvis to be new owner for Hennecke
No price was disclosed for the deal which is expected to close in the second quarter of the year.
Adcuram said in a statement: "The spin-off from Bayer Group in 2008 was the first step of a transformation process in which we have developed the business. The operational success of Hennecke is reflected in the growth and the profitability of the company." Adcuram added that the polyurethane machinery business employs round 500 people and has an annual turnover of more than EUR 120 m ($135 m).
Hennecke md Rolf Trippler said: "We thank Adcuram for their support. Together, over the past eight years, we have successfully developed Hennecke. At the same time I look forward to our new investor Capvis supporting us in our sustainable development."
He added that Capvis is a financial investor which "shares our passion for innovation and precision like Adcuram."
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