QSIL (Quarzschmelze Ilmenau GmbH) – a leading supplier of fused quartz products – has closed a 7‑figure financing round from a fund managed by bm|t (beteiligungsmanagement thüringen gmbh).
With the funding, QSIL will expand its site in Ilmenau, which currently has more than 150 employees. QSIL’s proprietary plasma fusion process makes it one of the only companies in the world capable of transforming up to 500 kg of crystalline quartz sand into fused quartz by use of a sparked plasma arc heated to 2000 °C.
“The technological expertise, market position and stable economic development of the company have convinced us to invest in QSIL. We are glad that we can support QSIL’s continued growth at its Ilmenau location with our financing,” said Udo Werner, Managing Director of bm|t.
Stephan Behr, Managing Director of QSIL GmbH, sees the regional presence of financing partner bm|t as a special benefit.
QSIL (Quarzschmelze Ilmenau GmbH) is a leading global supplier of high-purity quartz glass products from under the brand ilmasil®. Their expertise in the manufacture and processing of quartz glass spans processing of raw materials, melting quartz sand, pipe production and glass-blowing processing to customized end products. Through its proprietary plasma fusion technology, QSIL has emerged as the only company worldwide that can produce thick-walled hollow cylinders (billets) in one production step.
Erfurt-based bm|t (beteiligungsmanagement thüringen GmbH) is a subsidiary of the Thuringia Development Bank and the premier partner for investments in Thuringia. bm|t currently administers six funds with a total volume of around €250 million. bm|t invests in innovative companies from all high-yield sectors and in all stages of a company’s life cycle, from start-up to IPO or MBO.
Karin Rabe, Investment Manager
Tel.: +49 0361 7447 605