US fund buys stake in Germany's Friedola-Tech

Published: November 30, 2012 6:00 am ET
Updated: January 3, 2013 6:27 am ET

Related to this story

Topics Sustainability, Mergers & Acquisitions, Recycling

GEISMAR, GERMANY (Nov. 30, 1:35 p.m. ET) – A U.S. investment firm has purchased a stake in a German company that makes board, sheet and textiles out of recycled plastics.

Friedola-Tech GmbH has received 31 million euros ($40.2 million) in funding from Menlo Park, Calif.-based Silver Lake Kraftwerk, a growth capital investment company.

The company says it will use the funding to open a factory in South Carolina. Friedola-Tech in September had announced plans to invest $14.3 million to open its first North American factory, Con-Pearl North America, in Greenville, S.C.

Under the terms of the transaction, WHEB Partners, a European-based resource efficiency private equity firm, will sell its majority stake in Friedola-Tech to Silver Lake Kraftwerk. Once the transaction has closed, Silver Lake Kraftwerk will become the majority owner, alongside existing co-investor Kleiner Perkins Caufield & Byers (KPCB), which co-led the transaction.

Jorg Sperling, a partner at WHEB Partners, says that Friedola is a “great success story” which was under-appreciated after facing serious challenges during the economic recession in 2008-09.

“The company is now ready to expand in the United States,” he said.

The deal is currently pending anti-trust approval by the German authorities.


Comments

US fund buys stake in Germany's Friedola-Tech

Published: November 30, 2012 6:00 am ET
Updated: January 3, 2013 6:27 am ET

Post Your Comments


Back to story


More stories

Image

Deal adds U.K. plant to DelStar

November 25, 2014 12:47 pm ET

Schweitzer-Mauduit International Inc. (SWM) is acquiring certain assets from the advanced wound management division of London-based Smith & Nephew...    More

Image

World Plastics Council takes on sustainbility for its initial priorities

November 25, 2014 9:51 am ET

The recently formed World Plastics Council (WPC) has set marine debris and post-consumer recycling and energy recover as its initial top priorities.    More

Image

Onex buying packaging group SIG Combibloc

November 24, 2014 9:05 am ET

ex Corp. will buy SIG Combibloc Group, the Switzerland-based manufacturer of aseptic carton packaging and plastics closures from New Zealand's Rank...    More

Image

AMA Plastics adds presses, changes management structure

November 24, 2014 3:57 pm ET

AMA Plastics Inc. has strengthened its management structure, received recognition for entrepreneurship, achieved quality improvements and added three ...    More

Image

3D Systems buying Cimatron

November 24, 2014 1:46 pm ET

3D Systems Corp. is buying Cimatron Ltd., an Israel-based company that makes integrated computer-assisted design and manufacturing software, for $97 m...    More

Market Reports

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events