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DealsLenzing acquired Hahl Pedex

MP Corporate Finance acted as the exclusive financial advisor to Lenzing AG in the acquisition of the Hahl Pedex group, the global market leader in plastic filaments.

The acquisition strengthens the subsidiary Lenzing Plastics, enabling it to further position itself as a successful European producer of plastic niche products. In the business year 2006, Lenzing Plastics earned a turnover of EUR 80 million and its parent company Lenzing AG earned more than EUR 1 billion.

Hahl Group GmbH, with offices in Munderkingen, Germany, is an important European manufacturers of cut plastics filaments for the manufacture of synthetic brushes, bristles and fabrics. These semi-finished products are used for industrial brushes (tool manufacture), abrasive filament for the surface treatment of steel, stones and floors as well as toothbrushes and industrial filtration purposes. With its 240 employees, the company achieved a turnover of approximately EUR 35 million in 2006. Its main markets are Europe and Asia and will include America in the future. The sellers are Granville Baird Capital Partners Advisers, which have been the owners of the company with the also selling managing owner of the company since 2003.

Lenzing Plastics with offices in Lenzing in Upper Austria is one of the leading manufacturers of polyolefin and fluoropolymer products. The core competence of the 100% subsidiary of Lenzing AG is the mono-axial stretching of polymers – a technology which enables films, small straps and thread with a very high consistency to be manufactured.