CGS Management sells Schöttli to Husky

Husky is an international supplier of injection moulding equipment as well as services to the plastics industry.

Previous investment
Investing via the newco Mould Technologies Holding Group, CGS originally acquired a majority stake in Schöttli in 2008, alongside the firm's owner Martin Schöttli, who continued to hold a minority stake.

Lead debt provider for the transaction was UBS Investment Bank.

CGS employed a buy-and-build strategy supporting Schöttli's acquisitions of subsidiaries in China and the US. In 2008, the GP backed the company's first add-on acquisition, when acquiring Chinese mould maker Suzhou Mould Technology. In 2011, CGS financed Schöttli's acquisition of US-based Magor Mold. The investment was made via the CHF 125m CGS Private Equity Partnership II fund, which was launched in 2008, according to unquote" data.

Company
Schöttli manufactures high-precision mould and complete solutions for volume production of plastic injection mould parts for medical applications and closures.

Schöttli is based in Diessenhofen, Switzerland. It has further offices in San Dimas, California, and Suzhou, China. Founded in 1952, the firm currently employs 320 staff.

People
Thomas Anderegg is Schöttli's CEO. Peter Gloor is chairman of the Schöttli. Gloor, Rolf Lanz and Lars Niggemann worked on the original transaction for CGS in 2008.

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• Topics
• DACH
• Industrials
• Exits
• Switzerland
• Trade sale
• CGS Management