SWITZERLAND - Butler carves out Rhodia's European string and fibre operations

Butler Capital Partners defeated several private equity and industrial bidders in an Ernst & Young-run auction.

The company, temporarily code-named Diamond, produces a range of fibres and strings for the manufacturing of a variety of niche products including airbags and industrial and biological filters. It generates a turnover in excess of EUR 200m and employs aound 1,200 in five production sites in Switzerland, Germany, Central and Eastern Europe. Its headquarters will be near Lucerne in Switzerland.

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• Topics
• Buyouts
• DACH
• Industrials