The Lenzing Group has reduced its equity stake in EQUI-Fibres Beteiligungs-gesellschaft mbH, Kelheim from 45% to 20%.
EQUI-Fibres is the sole parent company of Kelheim Fibres GmbH, which manufactures viscose fiber at its plant in Kelheim, Germany. EQUI-Fibres reported total revenue of 162 million euro in 2015.
This transaction represents the next logical step in the Lenzing Group’s implementation of its sCore TEN strategy. The buyer is a company represented by Managing Directors Peter Untersperger and Gerald Schmidsberger. Untersperger is very familiar with both EQUI-Fibres and the fiber industry.
On the basis of this transaction, the financial result of the Lenzing Group for the current financial year is estimated to increase by about 10-15 million euro. The payment of the stipulated purchase price is to take place starting in 2017.