DPE sells Ziegler to trade for €125m

The GP made the divestment from DPE Deutschland II, a €350m buyout fund that closed in 2012.

Ziegler's sales have increased from €44m in 2013 to €75m in 2018, and the number of employees has increased from 300 to 400 in the same period.

DPE changed the company's focus from generalist technical non-woven fabric manufacturing to specialised production of interiors for the automotive industry. It also invested €25m in a new high-tech production facility at the Achern plant, which is expected to be operational in Q3 2018 and drive revenues to more than €100m in the coming years.

Ziegler stated that the acquisition will improve its positioning in the Asian market as well as benefiting from Teijin's competence in textiles.

Previous funding
DPE acquired Ziegler from Codex Zweite, Staufen Invest and investor Ralf Stokar von Neuforn in October 2014.

At the time, a source told Unquote that the sale process lasted for nine months and was necessary for the further growth of the company. The former owners were unable to provide the necessary financing to facilitate Ziegler's growth and tendered the company out to 12 interested companies. Four were taken into the final stage of talks before DPE was chosen.

Company
Ziegler was founded in 1874 and is headquartered in Achern. The company develops and produces technical non-woven fabrics for the automotive industry. It manufactures needle-punched non-wovens, laminated non-wovens, wadding and foam non-woven composites on CAD-controlled cutters and punches.

People
Deutsche Private Equity – Frank Müller (partner).
Ziegler Group – Diedrich von Behr (managing director).

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