Callista Private Equity acquires Pleiger Thermoplast

The acquisition comprises Pleiger Thermoplast and Pleiger Thermoplast Verwaltungs.

Following the carve-out, Pleiger Thermoplast will operate as Globus Thermoplast, following a change in its legal form, according to a statement.

Pleiger Group aims to concentrate its resources in its other business areas following the divestment.

Pleiger Thermoplast is to be integrated into Callista's plastics division, the GP said in a statement. The division currently comprises Globus Gummiwerke (which it acquired in 2016) and ETM, and Callista aims to combine certain administrative functions and sales channels. The company also aims to expand its regional presence and its customer base.

The deal is Callista's third deal of 2021, following the acquisitions of Premier Periclase and Rhi Normag announced in February.

The GP generally acquires loss-making corporate subsidiaries via carve-outs, with the aim of assisting its portfolio companies to reach profitable and sustainable operations within 18-30 months. The GP focuses on businesses with revenues of €10-200m, with a sweet spot of €20-100m.

Company
Based in Schwentinental, Globus Thermoplast was formerly part of Pleiger, which was founded in 1925. The company produces parts made from thermoplastics for industrial manufacturing markets. The parts include sheets, solid rods and hollow rods, as well as finished parts. The company generated revenues of €5.6m in 2020.

People
Callista Private Equity – Olaf Meier (CEO).
Globus Thermoplast – Kai-Uwe Rüde (CEO).

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• Topics
• Buyouts
• DACH
• Industrials
• Germany
• Carve-out