Triton sold battenfeld & cincinnati Group
Bad Oeynhausen (Germany), 4 December 2015 - Funds advised by Triton ("Triton") announced today that they sold their investment in battenfeld-cincinnati ("BC") to Zweite VR Trust Beteiligungs UG. As a result, all Triton representatives resigned from the BC Board with immediate effect. The parties have agreed not to disclose the purchase price.
BC is a global market and quality leader in manufacturing extrusion systems for thermoplastics used in the production of pipes, profiles and packaging goods with a market share of approx. 24 % in its relevant key markets. The Company covers the entire value chain ranging from single extruders to complete extrusion lines and has a global presence. The offering is complemented by a worldwide service network offering spare parts, commissioning, customer training, inspection, maintenance, repair service and consulting to a large global customer base in more than 90 countries.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 29 companies currently in Triton's portfolio have combined sales of over €13.8 billion and over 59,000 employees.
The Triton funds are advised by dedicated teams of investment professionals based in Germany, Sweden, the United Kingdom, Luxembourg and Jersey.
For further information: www.triton-partners.com
Phone: +49 69 921 02204