Wheb Partners acquires Dolan and European Carbon Fiber

The two companies share production facilities and are led by one management team. Lenzing previously owned Dolan as well as the majority of ECF. It held a 91.1% stake in the company, with Kelheim Fibers owning the remainder.

Austria-based Lenzing divested the assets in order to focus on its core business of producing man-made cellulose fibres.

Private investor Jan Verdenhalven also participated in the buyout alongside Wheb. He has several years' experience investing in the chemical and carbon fibre industries.

Wheb used capital from its Growth Fund 2 to make the investment.

Company
Founded in 1960, Dolan produces speciality fibres for textiles, convertible car tops, sunshades, garden furniture and protective clothing. It has around 100 employees and generated revenues of €57.5m last year.

ECF produces chemical compounds for the carbon fibre industry. It generated sales worth €10.4m in 2014.

People
Thomas Riegler is CFO of Lenzing. Florian Strehle is a partner at Wheb Partners. Luis Puncernau is managing director at Dolan.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• Buyouts
• Industrials
• Germany
• WHEB Partners