16. April 2019 | News, Views & Markets

New owners at TWD Fibres

Polyester- und Polyamid-Garne
Polyester and polyamide yarns
Source: TWD Fibres
Following the takeover of TWD by the Luxembourg private equity fund 4K Invest in 2015, the latter is now separating from the majority of its shares. CEO Eggo Laukamp, and the commercial director, Klaus Platzer, together take over around 85% of the shares in the Deggendorf-based company, "With an average holding period for our investments of three to five years, we are thus exactly in line with the trend", says Markus Zöllner, partner of 4K Invest. "We are pleased to have found the right buyers in Laukamp and Platzer, who will continue TWD's successful path," Zöllner continued.

"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.

edited by Petra Gottwald

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