Battenfeld-cincinnati group has new owner

German extrusion machinery firm battenfeld-cincinnati group, which has facilities in Germany, Austria, China and the US, has been sold to investment firm Industrie Holding Nimbus. The parties have agreed not to disclose details of the purchase price.

“After our successful organisational restructuring in the middle of last year, we can now focus on further product developments and investments that will strengthen and expand our market leadership with Nimbus’ support,“ says Gerold Schley, CEO of the battenfeld-cincinnati group. “We are delighted to have a new investor in Nimbus that will actively support and advance the new developments and growth plans of the battenfeld-cincinnati group.“

With the take-over, the battenfeld-cincinnati says it will receive new financial resources and equity capital will be strengthened in a sustainable manner. The company was acquired by Triton Fund II in 2007 as two separate businesses from SMS Group, which merged the two into one, with joint management teams and structures, and combined product portfolios. Battenfeld-cincinnati was launched in 2010 and headquartered in Bad Oeynhausen, Germany. In 2015, German investment group Triton sold its equity in battenfeld-cincinnati to Germany-based Zweite VR Trust Beteiligungs UG, in preparation for an imminent sale of the company.

Ed van Dijk of Nimbus is also looking forward to the cooperation. “Nimbus invests in companies that have a healthy core. At battenfeld-cincinnati this core is the technical know-how and the quality of the team – whether we are in Europe, Asia or America.”

Nimbus invests in European-based industrial companies; has offices in Zeist (the Netherlands) and Munich (Germany) and controls companies with total sales of more than EUR1 billion.