Quick Mix bolts on Schwenk Putztechnik
VR Equitypartner and CBG Commerz Beteiligungskapital have provided dry mortar producer Quick Mix with mezzanine capital to buy Schwenk Putztechnik.
The take-over is part of the management's strategy to support organic growth through acquisitions. Quick Mix has 770 employees and a turnover of €218m in 2014.
VR Equitypartner bought a 65% stake in software producer Dilax Intelcom in February 2015.
Company
Based in Ulm, Schwenk Putztechnik was a subsidiary of Schwenk Zement, which was founded in 1847. The company has 360 employees in seven locations, with a turnover of €100m in 2014. It produces plastering mortars, interior plaster, masonry mortar, screed mortar and wall insulations.
People
Martin Völker is managing director at VR Equitypartner. Stephan Klier is managing director at CBG. Stefan Egers is chairman of the executive board of Sievert, which owns Quick Mix.
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