FRANCE - IDI exits Armor

IDI controlled a 26.22% holding in the business, while IP0 held a 1.21% stake. The Rufenacht family, which has held a majority interest in the company since 1965, also relinquished their 72.57% shareholding. Orfite now owns 90% of the shares in Armor, with the remaining 10% being purchased by the company's director general Hubert de Boisredon and six other members of the management.

The Nantes based company is a specialised in chemicals within inks as well as thermal transfers. The company employs 1,400 staff and generated profits of EUR 4.4m on revenues of EUR 140 in 2007.

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