AUSTRIA - Adcuram sells Battenfeld Group

Adcuram acquired Battenfeld Kunststoffmaschinen GmbH in autumn 2006 with the purpose of restructuring it, but the company’s financial situation worsened in 2007. This led to a strategy shift to focus purely on the services business of Battenfeld, Battenfeld Service Gesellschaft, which was carved out prior to the cancelled sale to OOD Private Equity on 21 December 2007. This sale was subsequently cancelled after Battenfeld filed for insolvency.

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