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MUX.F - Mutares AG

Discussion in 'International Stock Markets' started by Marvan, Jun 3, 2019.

  1. Marvan

    Marvan Member

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    Mutares is a holding company that acquires companies that offer clear potential for improvement.

    Mutares focuses on acquiring small and medium-sized companies that find themselves in situations involving major change, with the aim of employing in-depth operational collaboration to set them on a stable footing so as to achieve profitable growth.

    Our own operational team engages with the management staff of each holding to identify potential for improvement and works on increasing profitability to aid the company in attaining enduring success.

    Extensive operational experience in business and restructuring coupled with financial and operational support lay the groundwork for overcoming the challenges presented by the process of restructuring.

    Mutares was established and co-founded in 2008 by Robin Laik and has been growing steadily ever since.
     
  2. Marvan

    Marvan Member

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    • Mutares France completes acquisition of a new platform investment announced in April 2019
    • Company with annual sales of EUR 42 Million
    • Products focused on steel wire and ropes for construction and automotive
    • Acquisition will strengthen portfolio segment Goods & Services
    Munich/ Paris, June 3, 2019 – Special situation investor Mutares (ISIN: DE000A2NB650) has completed the acquisition of ArcelorMittal TrefilUnion SAS (TrefilUnion), a company with two plants in France, from Luxemburg group ArcelorMittal. The transaction represents one of already five transactions and one of two new platform acquisitions in 2019 for Mutares.

    TrefilUnion is active in the fabrication of products from different kinds of steel. It produces wires and steel ropes with a product portfolio ranging from thin spring wire for the automotive market to heavy specialties for bridges and the pre-stressed concrete market. TrefilUnion serves customers from various industries, including the energy, construction, household, agriculture, or automotive industries. The company employs around 100 people in its two French plants and generated revenues of EUR 42 million in 2018. TrefilUnion will be led in the Goods & Services segment in the portfolio of Mutares.

    “We are proud to welcome TrefilUnion as new addition to our portfolio. It complements ideally our Goods & Services segment and possesses ideal potential for our operational experts. We are convinced to be the perfect partner for its future successful development. For Mutares, the closing of this transaction confirms our strong outlook on this year. We are confident to also make 2019 a highly successful year for Mutares”, comments Robin Laik, CEO of Mutares.

    https://mutares.de/keeping-up-the-m...ion-of-arcelormittal-trefilunion-sas/?lang=en
     
  3. Marvan

    Marvan Member

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    Norsilk is a French manufacturer and dealer of wooden panelling and flooring.

    With extensive expertise in machining and finishing wood and a long-standing presence on the French market, Norsilk designs a full range of wooden products for gardens and building panelling. Norsilk has a diversified customer structure in the DIY outlet, wholesale and industrial segments.

    Norsilk has a total of approximately 110 employees working at its facility in Boulleville.

    Mutares acquired the Finnish Metsä Group’s wood business in France in October 2015.

    http://www.norsilk.com/new-folder-2
     
  4. Marvan

    Marvan Member

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    The STS Group designs and manufactures innovative solutions for acoustic and thermal insulation in the engine and passenger compartments of vehicles, as well as interior and exterior trim parts for light and heavy-duty trucks and lorries.

    STS is one of the leading suppliers to prestigious customers such as Daimler, MAN, Scania and Volvo for trucks and passenger car manufacturers such as Alfa Romeo, Fiat, Jeep, Ferrari and Maserati.

    Following the successful completion of various add-on acquisitions the STS Group now operates at a total of 16 plants on four continents and currently employs around 2,450 people in total.

    Mutares acquired the company from the Autoneum Group in July 2013.

    https://www.sts.group/
     
  5. Marvan

    Marvan Member

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    EUPEC has spent 40 years as Europe’s largest provider of coatings for oil and gas pipelines.

    EUPEC has demonstrated its outstanding expertise in implementing technologically sophisticated solutions in numerous international projects, including the Nord Stream I project in the Baltic Sea.

    EUPEC has three facilities in the Dunkirk area of France, home to roughly 70 employees.

    EUPEC was acquired from Indonesia’s Korindo Group in January 2012.

    http://www.eupec-pipecoatings.com/about-us/about-eupec/
     
  6. Marvan

    Marvan Member

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    KLANN is a manufacturer of tinplate packaging.

    KLANN develops and produces high-quality promotional and sales packaging from printed tinplate. KLANN’s expertise lies primarily in developing and producing high-quality packaging in particularly vivid colours and using special embossing methods. Among its customers are well-known manufacturers of branded products and retailers from a range of sectors.

    KLANN operates from its headquarters in Landshut, where it employs roughly 100 people.

    Mutares acquired the Decorative business of the HUBER Packaging Group in June 2011 and renamed it KLANN Packaging.

    https://www.klann.de/en/home.html
     
  7. Marvan

    Marvan Member

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    The Elastomer Solutions Group designs, manufactures and distributes moulded rubber parts for the automotive industry.

    The group’s main area of expertise is the development and production of grommets for protecting wiring looms in automotive on-board electrical systems, such as between vehicle doors and the body. Elastomer supplies these products to customers such as Daimler, Renault, Ford, Opel and Volvo.

    Elastomer employs approximately 470 people at a total of six locations in Germany, Portugal, Slovakia, Morocco and Mexico.

    The Elastomer Solutions Group was acquired from the Diehl Group in August 2009.

    https://elastomer-solutions.com/?enterprise=history
     
  8. Marvan

    Marvan Member

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    Cenpa is a manufacturer of coreboard made from waste paper.

    Cenpa is an independent producer of cardboard, and its products are used primarily for tubes, particularly in the hygiene, industrial and packaging sectors. Among its customers are prestigious companies such as Kimberly-Clark, Sofidel, Metsä Tissue and Sonoco. The company occupies strong market positions in France and Germany.

    Cenpa has been based in Schweighouse in Alsace, France, since 1893, and employs around 85 people there.

    Mutares acquired Sonoco Paper France from the US-based Sonoco Products Company in May 2016 before returning the historic name of Cenpa to it shortly thereafter.

    https://www.cenpa.fr/
     
  9. Marvan

    Marvan Member

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    Balcke-Dürr is a manufacturer of power station components and filter systems.

    Balcke-Dürr produces components for improving energy efficiency and reducing emissions in the energy industry. The company boasts more than 130 years of experience and offers pioneering solutions ranging from a standard module to complete thermal systems. Balcke-Dürr’s seasoned engineers specialise in solutions that fulfil the most exacting requirements in terms of safety and sustainability.

    In addition to its corporate headquarters in Düsseldorf, the company operates development centres and production facilities in Germany, Italy, Poland, China and India and employs a total of around 620 people.

    Mutares acquired international equipment manufacturer Balcke-Dürr from the US-based SPX Corporation in December 2016.

    https://www.balcke-duerr.com/
     
  10. Marvan

    Marvan Member

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    La Meusienne is a manufacturer of corrosion-resistant stainless steel tubes.

    The company has a factory in Ancerville and a distribution centre in Annecy, France, where it has around 170 employees.

    Mutares acquired the steel pipe business of the international Aperam Group in April 2017 and returned the traditional name of La Meusienne to the company.

    https://www.lameusienne.fr/english/
     
  11. Marvan

    Marvan Member

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    Donges Group comprises Donges SteelTec GmbH, one of Germany’s leading steel construction and bridge construction companies and Kalzip Group, a leading international manufacturer of Aluminium roof and facade systems, as well as Normek Oy, one of the leading companies for structural steelwork and facade Solutions in northern Europe and FDT FlachdachTechnologie, a german manufacturer for flat roof systems.

    The Group has locations in Germany, France, Spain, Italy, UK, Finland, Sweden, Singapore, India and Dubai.

    Donges Group delivers construction products on schedule, meeting the highest quality and safety requirements. An experienced team offers its customers tailor-made solutions for the most demanding tasks in steel and aluminium constructions.

    The combined product portfolio of Donges, Kalzip, Normek and FDT comprises steel bridges for road, rail and footway construction, engineering and industrial steel construction for buildings, aluminium roof and facade solutions for new projects or refurbishments, as well as structural steelwork, facade solutions made of glass and flat roof systems.

    Recent reference projects include the Danube Bridge in Linz, the launch table for the Ariane 6 rocket for ESA, the roof refurbishment of Wembley Stadium in London and the partial construction of the logistics and ferry terminal in Lübeck.

    Mutares acquired the bridge and building construction specialist Donges SteelTec from Japanese Mitsubishi Hitachi Power Systems in October 2017.

    Kalzip Group was acquired by Donges Group as a strategic add-on in October 2018 from Tata Steel Europe.

    The add-on Acquisition of Normek Oy was finalized in February 2019 and was bought from Intera Fund I Ky and private shareholders.

    In March 2019 the FDT was aquired as third strategic add-on for the Group from a private holder.

    https://donges-steeltec.de/company/?lang=en
     
  12. Marvan

    Marvan Member

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    Gemini Rail Services UK and Gemini Rail Technology UK form the Gemini Rail Group, a provider of a wide range of component and vehicle overhaul services to rolling stock owners and train operating companies across the UK and Ireland.

    The group is specialized in vehicle overhaul, refurbishment, modernization, upgrading, incident repairs and wheelset overhaul as well as a globally active integrator of electrical traction systems to leading rail vehicle owners. Furthermore, it offers engineering consulting like turnkey solutions for refurbishment and modernization for domestic and international rolling stock providers, as well as project management and system integration.

    In the UK, Gemini Rail Group operates from Birmingham, Wolverton and Springburn with approx. 700 employees.

    Mutares acquired the group in November 2018 from globally renown brake specialist Knorr-Bremse.

    https://www.geminirailgroup.co.uk/capabilities/
     
  13. Marvan

    Marvan Member

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  14. Marvan

    Marvan Member

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    Mutares completes acquisition of Plati Elettroforniture from Deren Group
    • Mutares Italy completes acquisition announced in May 2019
    • Company with annual sales of EUR 38 Million
    • Product portfolio comprises cable harnesses, automotive cables, connectors, PVC extrusion, and electromechanical assemblies
    • Together within the portfolio segment Automotive & Mobility the company will use existing sales and operational synergies
    Munich/ Milano, June 17, 2019 – Special situation investor Mutares (ISIN: DE000A2NB650) has completed the acquisition of 80% of Plati Elettroforniture S.p.A. from Chinese Deren Group. The transaction is an acquisition benefiting from synergies to Elastomer Solutions Group, an Automotive supplier in Mutares’ portfolio. Plati has five sites with its headquarter near Bergamo (Italy) and four subsidiaries in Poland, Ukraine, Hungary and Morocco. This transaction represents one of already five acquisitions in 2019 for Mutares which comes down to one acquisition per month. For 2019 Mutares expects more to come.

    Plati is an internationally active supplier of cable harnesses to customers in the automotive, consumer goods healthcare and telecommunications sectors. Its product portfolio includes cable harnesses, automotive cables, connectors, PVC extrusion, and electromechanical assemblies. The Group employs approx. 850 employees at its five sites and generated revenues of EUR 38 million in fiscal 2018. Deren Group will continue to be a strategic partner of Plati for the development of the Asian market.

    Following the acquisition, Elastomer and Plati will benefit from each other’s sales and operational expertise. The existing footprint is very complementary for the profitability and growths strategies of both companies. For the time being both entities will proceed separate strategies but take the benefits out of being governed by the same umbrella of the Mutares Automotive Segment. The expected synergies will result in improved balance sheets and profitability numbers.

    https://mutares.de/mutares-completes-acquisition-of-plati-elettroforniture-from-deren-group/?lang=en
     
  15. Marvan

    Marvan Member

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    Mutares completes acquisition of keeeper Group from Wrede Industrieholding
    • Mutares completes acquisition announced in May 2019
    • Group of companies with an annual turnover of EUR 65 million
    • Attractive product portfolio includes plastic household products sold worldwide
    • Company strengthens the Goods & Services Segment
    Munich, June 24, 2019 – Mutares (ISIN: DE000A2NB650), an industrial holding company specializing in companies in transition, has succesfully completed the acquisition of the keeeper group, one of Europe’s largest suppliers of plastic household products, from Wrede Industrieholding GmbH & Co. KG. This transaction is one of already five acquisitions in the current fiscal year 2019.

    As a new platform investment of Mutares with subsidiaries in Poland and Belgium the keeeper Group will strengthen the Goods & Services portfolio segment. The keeeper Group is one of the largest European suppliers of innovative and high-quality plastic household products. With over 500 employees at two production sites in Germany and Poland and a sales office in Belgium, the Group serves renowned customers in the DIY, food retailing, wholesale and furniture sectors in around 35 countries worldwide. Group sales for the 2018 financial year amounted to around EUR 65 million, the majority of which was attributable to German and Polish customers.

    Following the acquisition of the keeeper Group, the experts of the Mutares consulting team will provide operational support to keeeper in realizing the existing value potential and, together with the company, shape the sustainable and profitable growth of the group.

    https://mutares.de/mutares-complete...er-group-from-wrede-industrieholding/?lang=en
     
  16. Marvan

    Marvan Member

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    Mutares subsidiary Donges Group continues to expand: Integration of Norsilk to further enhance product offering and sales network
    • Donges Group integrates wood product supplier Norsilk
    • Complementing product offering and sales network of both companies
    • Further growth in French, Spanish and European countries expected

    Munich/Darmstadt, June 28, 2019 – Donges Group, an investment platform of Mutares AG (ISIN: DE000A2NB650), has successfully completed the integration of investment platform Norsilk SAS. By integrating the previous standalone platform, Donges aims at further growth in the French market and cross-leveraging on existing sales channels in Europe. Norsilk will be positioned in the Donges Business Segment of high-quality façade and accessories products.

    Norsilk is one of the major French players in the production and treatment of high-quality Northern wood. With 40 years of experience, the company with headquarter in Boulleville has a strong reputation for Nordic wood processing. Its product portfolio comprises a broad range of wood products for cladding, panelling and structure solutions.

    By integrating Norsilk into Donges Group, its positioning especially in the French and Spanish market will provide sales and sourcing synergies to complement and diversify the roof and façade solutions offering within Donges Group.

    After the integration of Norsilk, Donges Group is one of the leading European construction and engineering companies specializing in the design and manufacture of building structures including building envelope solutions based on steel, aluminium, polymer membranes and now timber. The Group with headquarter in Darmstadt (Germany) operates worldwide having nine manufacturing sites, employing more than 900 people in 12 countries and generating annual revenues of EUR 280 million.

    https://mutares.de/mutares-complete...er-group-from-wrede-industrieholding/?lang=en
     
  17. Marvan

    Marvan Member

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    Munich, July 16, 2019 – German investor Mutares AG (ISIN: DE000A2NB650) has acquired Kirchhoff GmbH & Co. KG, a traditional family business and established automotive supplier in Europe.

    Mutares has acquired the complete business of Kirchhoff GmbH & Co KG (KICO) with its subsidiaries in Germany, Poland and Mexico from the owner family. As a new platform investment, KICO will strengthen the Automotive & Mobility portfolio segment alongside STS Group, Elastomer Solutions and Plati.

    KICO, founded in 1939, is an automotive supplier with long-standing relationships with some of the world’s largest OEMs and Tier 1 suppliers. The company manufactures locking systems, hinges, fasteners and mechatronic systems. In 2019, the production of active aerodynamic systems will start, which will be installed in electric mobility vehicles, among other things, as they increase the range of electric vehicles. KICO employs over 800 people at its production sites in Germany, Poland and its logistics site in Mexico. In the 2018 financial year, the company generated sales of around EUR 100 million and a slightly positive operating result.

    “With the takeover of KICO, we have gained a family business rich in tradition for our Automotive & Mobility segment. The company is an excellently positioned automotive supplier with significant value potential based on its innovative strength and long-standing relationships with automotive manufacturers and major suppliers. We are convinced that our expertise and our network in the automotive sector will promote KICO’s sustained profitable growth and are very pleased to have gained a promising platform,” says Robin Laik, CEO of Mutares AG.

    https://mutares.de/sixth-transactio...r-high-quality-automotive-technology/?lang=en
     
  18. Marvan

    Marvan Member

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    Munich/Darmstadt, July 19, 2019

    Donges Group, a 100% owned portfolio company of the Munich-based investor Mutares (ISIN: DE000A2NB650), has signed an agreement to acquire the complete business operations of Ruukki Building Systems Oy, the Building Systems division of the Finnish Ruukki Construction, a subsidiary of SSAB Group.

    Closing of the transaction is subject to the approval of relevant competition authorities and expected by the end of 2019. Details about the terms of the transaction were not disclosed.

    Ruukki Building Systems, headquartered in Helsinki, Finland, is one of the leading suppliers of building system solutions in Northern and Eastern Europe. The company is a project business specializing in the design, manufacture and installation of building frame, envelope and bridge structures out of steel.

    Ruukki Building Systems operates four production sites in Finland, Poland and Lithuania. The company offers heavy steel structures and bridges as well as other types of steel and concrete frame structures to its customers.

    For 2019, the business expects sales of around EUR 130 million with a significant profitability. It employs some 500 people.

    https://mutares.de/mutares-subsidia...quisition-of-ruukki-building-systems/?lang=en
     
  19. Marvan

    Marvan Member

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    Munich, July 24, 2019 – The transformation of the legal form of Mutares AG (ISIN: DE000A2NB650) into a partnership limited by shares (KGaA) has been completed with today’s entry in the commercial register.

    Mutares operates now under the name Mutares SE & Co. KGaA.

    Mutares is thus completing the conversion resolved by the Annual General Meeting on May 23, 2019, to maintain the ability of the executive bodies to act and make decisions quickly also in the future.

    The general partner Mutares Management SE will be responsible for the management and representation of Mutares SE & Co. KGaA.

    The Executive Management Board of Mutares Management SE consists of the former Mutares AG Executive Management Board members Robin Laik (CEO), Mark Friedrich (CFO), Kristian Schleede (CRO) completed by Johannes Laumann (CIO).

    https://mutares.de/mutares-ag-completes-change-of-legal-form-into-se-co-kgaa/?lang=en
     
  20. Marvan

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