GERMANY - AUCTUS Management acquires 80% of Hobatex GmbH

Funds managed by AUCTUS Management & Co. KG have acquired 80% of the shares of specialised wood applications company Hobatex GmbH for an undisclosed sum. Hobatex is an international trader and service provider for specialised wood applications. Major business areas are industrial and logistic packaging solutions and manufacturing bedslates and bedframes. Hobatex GmbH is located in Brakel, and was founded in 1983. The company reported a turnover of EUR 30m.