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11-14-2006

Battenfeld Injection Moulding: Investor Takes Over

Effective October 13, Adcuram Industriekapital AG, München, acquired Battenfeld Kunststoffmaschinen Ges.m.b.H. from SMS GmbH, Düsseldorf. The injection moulding company located in Kottigbrunn/Austria was assumed together with its 13 subsidiary companies. Comprising a workforce of 620, the firm recently transferred all injection moulding to one single production site and revised its portfolio of products which led to more than 100 m EUR turnover. The new proprietor Adcuram will invest into service as well as research and development and thus enhance business in the long run. It also intends to step up international distribution and support growth by strategic partnerships as well as ancillary acquisitions.

Adcuram acquires medium-sized enterprises or subsidiary companies that are no longer part of the core business of the up-to-then owner, and actively enhances these companies. Adcuram enterprises are currently achieving 500 m EUR turnover, and the group is planning for the steep growth to continue.

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