Morgan Stanley acquires Ploucquet
07/04/2006
Following ongoing negotiations over the past few months, investment bank Morgan Stanley and Annex Capital have acquired 100% of the share capital of German laminates, coating and membrane developer Ploucquet Holding GmbH from 40 descendants of the group’s founding family. No financial details of the agreement have been disclosed.
Morgan Stanley was already working with Ploucquet prior to the acquisition and had previously granted new loans to finance the working capital needs of the business.
Ploucquet was founded as a textile trading business in Heidenheim in 1806 by Christoph Friedrich Ploucquet. It now specialises in laminates, coatings, finishing processes and membrane systems and employs approximately 500 staff world-wide. The group owns Sympatex Technologies GmbH and has a joint venture with Outlast Technologies, Inc.
The headquarters of Ploucquet Holding and the distribution organisation for the entire group will be relocated to Unterföhring near
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