
Alpha sells Mecatherm to Wendel for €170m
Alpha has agreed to sell Mecatherm, a French manufacturer of production lines for bakery products, to industrial holding Wendel.
The deal values Mecatherm at €170m. Alpha acquired the business Mecatherm from Astorg Partners, 21 Centrale Partners and Cogepa in 2006, alongside its management team. The deal was valued at around €150m, including senior debt facilities amounting to €80m and mezzanine financing worth €20m.
Company
Alsace-based Mecatherm was established in 1964. It is the world leader in large, integrated production lines of baguettes and other bakery products (fresh or frozen, baked or pre-baked). With a 300-strong headcount, Mecatherm posted a €91m turnover for 2010, 75% of which was generated outside of France.
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