BA-CA SME Financing Specialist EK Fin Sells the Viennese Speciality Coatings Manufacturer Rembrandtin to Ring Holding
BA-CA’s SME financing specialist EK Fin is to sell its 100% stake in the Viennese speciality coatings manufacturer Rembrandtin to the Austrian Ring Holding company. The strategic investor plans to expand Rembrandtin’s business still further.
Rembrandtin Lack GmbH NfG KG generated sales of approximately EUR 36 million in 2005 and employs 131 people. The main focus of the company’s activities is upon industrial coatings and road marking materials; its strengths are excellent quality and high productivity thanks to state-of-the-art production facilities, high calibre research activities and as a result innovative products. The company's products are sold throughout the world, with the main markets being Austria, Central and Eastern Europe and the Far East.
EK Mittelstandsfinanzierungs AG (EK Fin) acquired 100% of the shares in Rembrandtin from the Altana Group in spring 2005. Within the framework of the partnership with EK Fin a package of measures was initiated which included the reorganisation of the company's managerial and distribution structures, as well as an extensive cost-cutting programme. This substantially increased profitability and significantly improved the market position. The first impacts were felt in the financial year 2005, the most successful in Rembrandtin’s history. The company continues to deliver an excellent business performance in the current financial year.
Ring International Holding AG has purchased Rembrandtin as a strategic investor and intends to accelerate the company's business activities. The optimisation of investments and consistent product advances mean that Rembrandtin is now well equipped for expansion. The new owners want to substantially expand Rembrandtin’s speciality coatings business in Central and Eastern Europe.
EK Fin is one of the leading Austrian private equity funds. It has a total fund volume of EUR 50 million, of which approximately 40 per cent has been invested to date. The core shareholder is BA-CA which holds 98 per cent of the shares.
Enquiries: EK Mittelstandsfinanzierungs AG
Managing Director Klaus Haberzettl
Tel. +43 (0) 532 89 79 EXT 11; E-Mail: email@example.com