The Lauterbach-based high-performance film manufacturer DUO PLAST AG has been taken over by the Munich-based investment company Paragon Partners.
Image: DUO PLAST AG has been taken over by Munich-based investment company Paragon Partners. Photo: courtesy of Robert-Owen-Wahl from Pixabay.
The previous owner, Frankfurt investment company VR Equitypartner GmbH, together with the co-investor Süd Beteiligungen GmbH (SüdBG), is selling the majority stake in DUO PLAST Holding GmbH acquired about six years ago. The current management team is investing in DUO PLAST along with Paragon, thereby expanding the owner-managed culture.
PARAGON PARTNERS is a private equity investment company with EUR 1.2 billion of managed equity capital that specialises in investments in medium-sized companies in Germany, Switzerland and Austria. Paragon invests in established, medium-sized companies with significant operational growth and value enhancement potential in order to sustainably expand the market position of its portfolio companies as an active shareholder.
The aim is to increase the operational performance of the portfolio companies and to promote their sustainable growth. PARAGON PARTNERS is headquartered in Munich.
Erich Steiner (CEO of DUO PLAST): “We are looking forward to working with Paragon Partners and are convinced that together we will be able to build on the success story of the past and further expand the strong position of DUO PLAST. Together with Paragon, we will further expand capacities at all locations for our customers and intensify investments in research”.
Dr. Edin Hadzic (co-founder and managing director of Paragon Partners) commented: “We are delighted with DUO PLASTS’ long-standing technological leadership, innovative strength and stable customer base. We look forward to further developing DUO PLAST together and to supporting the next growth phase with fresh equity”.
Christian Futterlieb (Managing Director VR Equitypartner) and Gunter Max (Managing Director Süd BG): “We are delighted that we have been able to fulfil the trust placed in us by the founding generation. In addition to the successful implementation of the company succession, milestones in the further development of DUO PLAST were above all the reorganisation of the management and the professionalisation of numerous processes. Today, DUO PLAST is regarded as an innovation leader and has an outstanding market position. On this basis, we wish DUO PLAST every success in continuing its growth in the new era and would like to thank the management and employees for their contributions over the past years.
DUO PLAST’s market-leading position is based on the “three-pillar concept”: DUO PLAST customers receive first-class technical advice from the strong sales force as well as at the in-house DUO LAB, the right hardware for processing the film, and a film with superior strength and elasticity.
The interaction of these three points enables DUO PLAST customers to reduce their film consumption by an average of 30% – which is good for the environment and their budgets. In addition, DUO PLAST is a pioneer in the introduction of environmentally friendly packaging alternatives. Products in the DUO Earth line are based on up to 80% renewable or recycled raw materials.
Source: Company Press Release