All-Finanz have bought Menzolit Compounds International

The contrat to sell the Menzolit-group (www.menzolit.com) to the German investor All-Finanz has been signed in Heidelberg on April 20th, 2009.

At the beginning of March 2009, the Swedish company Plastal, to which Menzolit formerly belonged, filed for insolvency. Before Plastal´s insolvency, extensive negociations were already in an advanced stage to sell Menzolit Compounds International GmbH and its subsidiaries, but delays were caused due to the actual circumstances of Plastal´s insolvency .

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This process has now been concluded with All-Finanz (established in 1988 in Freising/Munich), strategic investor who is the exclusive shareholder of several medium-sized companies, operating mainly in the field of the plastic-processing industry.

This is a bold step, paving the road for the future, restructuring of the company and to build a new foundation for the plants in France, Italy, Spain, Great-Britain and China. Thus Menzolit will strengthen its position as a market leader and additional strategic possibilites will be established for the company. Menzolit will continue focussing its business on its core competences: the production of fibre-reinforced thermosetting compounds like SMC, BMC and CIC as well as the expansion and development of technology and products, which allows the company to implement its innovative technologies in an optimal way.

Menzolit Compounds International GmbH, Heidelberg, Germany