VR Equitypartner and SüdBG buy Duo Plast

The buyout followed the founding family's hunt for a successor to lead the German business. VR Equitypartner and SüdBG will use the fresh capital to enable Duo Plast to expand its geographical footprint.

In its latest transaction before acquiring Duo Plast, VR Equitypartner, a spinout from DZ Equity Partner and WGZ Initiativkapital, bought Hör Technologie Gruppe alongside BayBG in a management buyout in October this year.

Company
Duo Plast produces plastic films for the industrial, agricultural and food industries. It also operates a technology centre for loading and cargo security, where Duo Plast works together with universities and research institutes.

Founded in 1983, the firm's headquarters are located in Lauterbach, while it operates another plant in Sünna. In 2001, Duo Plast opened an office in Linz, Austria, and the company started operating in France with a wholly owned subsidiary in 2003. Its latest expansion was the opening of a Polish office in Warsaw in 2008.

In the last fiscal year, Duo Plast reported revenues of around €50m. It currently employs approximately 130 staff.

People
Norbert Jäger is Duo Plast's founder and was chairman and majority owner of the company until the takeover. Christian Rohm is currently a board member and will take on the role of chairman. Martin Völker is managing director of VR Equitypartner. Gunter Max led the transaction for SüdBG.

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• Topics
• DACH
• Buyouts
• Industrials
• Germany