- Sale of COMPO CONSUMER to Kingenta
- COMPO CONSUMER has significantly developed its market position under Triton's ownership
- The completion of the acquisition is subject to the filing with the National Development and Reform Commission (“NDRC”) and Ministry of Commerce (“MOFCOM”) of the PRC and the fulfilment of the other terms and conditions of the transaction
Frankfurt/ Münster (Germany), 1 April 2016 -
'Over the last four years, COMPO CONSUMER has heavily invested in re-invigorating the strong “COMPO” consumer brand and gaining market share. Since the acquisition by Triton in 2011, management has implemented a number of measures to strengthen the market position of Compo's consumer business. These included the implementation of a continuous innovation process targeted at launching one product innovation per year and establishing “COMPO” as the leading brand in the market. In addition, the company significantly complemented its product portfolio with the acquisition of Terrasan in 2012, the leading private label manufacturer in Germany and Austria. We are confident that the business will continue to prosper under its new owner. We would like to thank the management team and the employees for their valuable contributions to the company's development', said Peder Prahl, Director of the General Partner for the Triton funds.