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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Lenzing Buys Filaments Maker

11:12 AM MDT | July 25, 2007 | Ian Young

Lenzing Plastics, a Lenzing subsidiary, says it has agreed to acquire Hahl Group (Munderkingen, Germany) for an undisclosed amount. The sellers are private equity company Granville Baird Fonds (Hamburg) and Hahl’s management. The deal is expected to be completed by the end of March. Hahl produces cut plastic filaments for the production of synthetic bristles, brushes, and fabrics, and generates sales of about €35 million/year ($45 million). Those semi-finished products are used to make: industrial brushes for toolmaking; abrasive filaments for the...

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