BayBG invests in Purus Plastics

BayBG entered a silent partnership with Purus, providing mezzanine funding after being approached by the company. The investment will be used to accelerate product development and to enter new markets.

The investor has also been active in the VC space lately. In December 2015, it participated in the €7.5m round for NavVis, a German 3D indoor mapping and navigation platform, alongside Target Partners and MIG Fonds.

Company
Founded in 1994 and based in Arzberg, Purus is a company that develops products from recycled plastics, such as ground reinforcement, grids, roof greening, plastic pallets, cable spools and floor mats. It has 150 employees and revenues of €22m.

People
Purus Plastics – Thomas Manzei (managing director).
BayBG Beteiligungsgesellschaft – Andreas Belz (project manager).

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• Topics
• Expansion
• DACH
• Industrials
• Germany
• Bayerische Beteiligungsgesellschaft mbH (BayBG)