One Equity buys 15% stake in Germany's Pfleiderer
22 January 2008 14:24 [Source: ICIS news]
TORONTO (ICIS news)--Investment firm One Equity Partners has acquired 15.02% of global laminate flooring major Pfleiderer and did not rule out further investments in the company, it said on Tuesday.
One Equity, which also has a majority in Germany’s specialty and catalyst maker Sud-Chemie, said its investment was a long-term commitment to a company with excellent prospects and high investment needs in coming years.
It did not disclose how much it paid for the stake.
In a separate statement, Pfleiderer confirmed the transaction, adding that One Equity had advised it had no intention to submit a takeover bid.
Germany-based Pfleiderer is a large buyer of melamine.
One Equity managed some €5.00bn ($7.35bn) for JPMorgan Chase and was focused on partnerships with mid-sized companies, it added.
($1.00 = €0.69)
By: Stefan Baumgarten
+1 713 525 2653
< previous article(ICIS Podcast: Chemical News Central 2 November 2009)
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