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Lone Star takes over Moenus Textilmaschinen GmbH

  • 2006

Lone Star Funds is tak­ing over the busi­ness activ­i­ties of Moenus Tex­til­maschi­nen GmbH from 01/02/2006. Con­tracts between bmt-beteili­gungs­man­age­ment thürin­gen gmbh, Lone Star and the remain­ing pre­vi­ous share hold­ers were signed last Fri­day, 3 Feb­ru­ary 2006. The involved par­ties main­tained silence about the pur­chase price.

The takeover encom­passes all busi­ness areas at the sites in Gera, Mönchenglad­bach and Ham­burg in Ger­many as well as Olo­mouc in the Czech Repub­lic, with a total of approx. 400 employees.

The takeover will place the com­pany in a bet­ter posi­tion finan­cially, mak­ing it pos­si­ble to con­tinue strength­en­ing the good mar­ket posi­tion and to insti­gate growth again after the last few years of stagnation.

Moenus Tex­til­maschi­nen GmbH is one of the world’s lead­ing man­u­fac­tur­ers of tex­tile machines. The com­pany offers machines, sys­tems and sys­tem solu­tions in the field of weav­ing prepa­ra­tion and fin­ish­ing. Moenus will con­tinue to inten­sify its activ­i­ties with the renowned brand names Sucker, Artos, Krantz and Stenex. In con­trast to many com­peti­tors, Moenus con­sis­tently sup­ports and pro­motes “Ger­man tech­nol­ogy made in Europe” and only sup­plies high-qual­ity machines from assem­bly plants in Europe. This should help in achiev­ing future turnovers once again of more than € 100m.

Lone Star is a global pri­vate equity fund which focuses on so-called “dis­tressed invest­ments”. Among other things, this includes the acqui­si­tion, refi­nanc­ing and cap­i­tal recon­struc­tion of com­pa­nies that find them­selves in a finan­cial bot­tle­neck. Ger­many is cur­rently con­sid­ered the most sig­nif­i­cant core mar­ket for the global investor.

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