OpenGate Capital Sells Omniplast BV to Consortium of Investors
Realization of Legacy Investment Specializing in PVC Piping Systems for the Agricultural and Greenhouse Sector
Reedcapital successfully exits from Cordtech Int
Reedcapital, a private industrial holding, announced that it has completed on November 14, 2016, through RDC 15, the sale of 95% of Cordtech International SAS, to Porcher Industries, a leading international group in the technical textiles sector.
Cordtech International is a known provider of cord technologies for the tire and mechanical rubber goods applications in Europe. Cordtech International was acquired by ReedCapital in 2015 from Milliken Group.
Over the past year, Reedcapital and the management of the portfolio company successfully worked to create a stand-alone company and stabilized the business to a strong and stable profitability through a series of operational…
Acquisition Milliken
Reedcapital, a private industrial holding, announced today it has signed, through RDC 15, an agreement with Milliken Group to acquire Milliken France SAS, a known provider of cord technologies for the tire and mechanical rubber goods applications in Europe. The transaction is expected to close by the end of November. .
Milliken Group’s intent is to refocus and reinforce its portfolio and market position on core strategic technologies and applications in the tire and mechanical rubber goods space within their global footprint.
Renaud Delaage, Reedcapital’s Managing Partner stated, « Milliken France’s is a business with solid fundamentals, strong market position, and a stable…