IHS Chemical Week

People & Business :: M&A

Freudenberg Group acquires additives producer from private equity firm Riverside

8:00 AM MDT | August 9, 2013 | Francinia Protti-Alvarez

Freudenberg Group (Weinheim, Germany) has acquired all of Capol's (Elmshorn, Germany) shares from private equity firm Riverside (New York) with immediate effect, the two companies have announced. Transaction details were not disclosed. Capol, in the four years since being acquired by Riverside, grew revenues and earnings by average annual growth rates of 15% and 12%, respectively, Riverside says. "The acquisition of Capol is a further milestone in our strategy of strengthening and expanding the chemical specialties business area in the long term," says...

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