Chemical Week Magazine :: Newsbriefs
5:19 AM MDT | May 3, 2013
Lenzing has agreed to sell an 85% stake in Lenzing Plastics to an Austrian consortium led by Invest AG, the investment arm of Raiffeisen Banking Group Upper Austria (Linz). The valuation is about eight times 2012 Ebitda. The sale is in line with Lenzingâ€™s plans to concentrate on its fibers business. Lenzing Plastics posted 2012 sales of â‚¬109.4 million ($142 million) and Ebitda of â‚¬11.2 million. It makes thermoplastic films, fabrics, tapes, and multilayer foil...
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