IPT Group owned Lantor, a manufacturer of technical nonwovens for the cable, composites and construction industry has been acquired by Active Capital Company (ACC).
According to a Lantor press release, the acquisition fits ACC’s strategy to invest in the high quality manufacturing industry in the Netherlands.IPT Group owned Lantor, a manufacturer of technical nonwovens for the cable, composites and construction industry has been acquired by Active Capital #
Lantor produces technical and functional nonwovens that are used in applications as diverse as communications, energy cables, packaging, construction, insulation materials and composites.
Lantor which has 180 employees on its rolls achieved an annual turnover of €40 million.
“Lantor is a company that fits our strategy perfectly and is also a textbook example of high quality manufacturing industry in the Netherlands,” ACC’s Dick Zeldenthuis said.
Lantor also announced the appointment of a new managing director, Daan Koppen de Neve who is a trained as an engineer and has a background in private equity and industry.
“This acquisition will allow Lantor to invest in extra production resources, product development and the technical applications of the products,” Zeldenthuis added.
“The appointment of a new managing director will also enable Lantor to do even more, in the way of improving its products, and exploring new markets,” he noted.
ACC is an independent hands-on private equity firm and invests in industrial acquisitions and manufacturing companies with a turnover of between €5 million and €80 million.
It invests in companies with a strong core like customers and products and also where there is an opportunity for value to be added by the proactive involvement of the ACC team.
ACC is financed and supported by entrepreneurs with a proven track record and who are themselves active in comparable markets. (AR)
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