16. April 2019 | News, Views & Markets
New owners at TWD Fibres
"After the previous owners had informed us of their intentions to sell, we did not have to think long", says CEO Eggo Laukamp, "as active managers we know the potential of the employees and the company very well" adds CFO Klaus Platzer.
After brief, intensive negotiations, the transaction has now been sealed by a notary and the majority of the company has passed into the ownership of the two managers. "We want to continue operating TWD as an owner-managed, solid medium-sized company and, together with our employees, lead it into a successful future," concludes Laukamp.
The TWD Group produces and sells filament yarns made of man-made fibers for automotive, clothing and technical textiles as well as for many other applications worldwide at the Deggendorf-Seebach site. TWD currently employs 510 people and generated sales of over 78 million euros in fiscal 2018.