ADCURAM: Vitrulan acquires textile glass business from Preiss-Daimler Group

Munich / Markst­sch­or­gast / Auen­grund — The Vitru­lan Group, based in Markt­sch­or­gast, Germany, is taking over the textile glass busi­ness based in Brat­ten­dorf (Auen­grund) of the medium-sized Preiss-Daim­­ler Group. The specia­list for tech­ni­cal products made of textile glass, part of the Munich-based indus­trial holding ADCURAM since 2016, is thus streng­thening its market posi­tion in the segment of sophisti­ca­ted, deco­ra­tive texti­les made of glass fibers. The tran­sac­tion has alre­ady been successfully comple­ted. Both parties have agreed not to disc­lose the details.

The former PD Glas­fa­ser Brat­ten­dorf produ­ces deco­ra­tive texti­les made of glass fabric and glass fleece with about 70 employees in Auen­grund, Thurin­gia. Around 15 million euros per year are imple­men­ted. For the Vitru­lan Group, based in Markt­sch­or­gast, Bava­ria, the acqui­si­tion repres­ents a further step in the successful imple­men­ta­tion of its buy & build stra­tegy: “Vitru­lan is the quality leader for complex and func­tional deco­ra­tive wall cove­rings based on glass fiber. The tech­ni­cal capa­bi­li­ties, product range and inter­na­tio­nal brands of the new colle­agues in Brat­ten­dorf will now further boost growth — through more flexi­ble produc­tion opti­ons, shorter deli­very times and thus over­all more effi­ci­ent custo­mer service,” comm­ents ADCURAM invest­ment part­ner Broder Abra­ham­sen on the acquisition.

ADCURAM had alre­ady acqui­red a majo­rity stake in the tradi­­tion-rich Vitru­lan Group with around 470 employees in 2016 as part of a succes­sion plan and has since been support­ing it in new invest­ments, geogra­phi­cal expan­sion and the deve­lo­p­ment of new custo­mer groups. The Vitru­lan Group consists of Vitru­lan Textile Glass GmbH, which produ­ces wall and ceiling cove­rings made of glass yarn in Markt­sch­or­gast, and Vitru­lan Tech­ni­cal Texti­les GmbH, which manu­fac­tures tech­ni­cal texti­les in Sonne­berg (Hasel­bach, Thurin­gia), espe­ci­ally for the cons­truc­tion indus­try. Under the aegis of ADCURAM and the board of direc­tors Dr. Phil­ipp Gusinde (photo), Henry Bricken­kamp and Michael Feldt, the newly foun­ded V4heat GmbH was also added in 2018 as a third main­stay — it manu­fac­tures intel­li­gent infrared heating systems based on glass mesh fabrics. In addi­tion, the tech­ni­cal textile busi­ness of the Ahlström-Munk­sjö Group was acqui­red in 2019 through Vitru­lan Compo­si­tes Oy in Mikkeli, Finland, thus adding compe­ten­cies in new textile and fiber tech­no­lo­gies, in parti­cu­lar carbon and multiaxial know-how, to the Group.

About ADCURAM
ADCURAM is a priva­tely owned indus­trial group. ADCURAM acqui­res compa­nies with poten­tial and deve­lops them actively and sustain­ably. For the future growth of the Group, the capi­­tal-strong indus­trial holding company has a total of 300 million euros available for acqui­si­ti­ons. With the help of its own 40-strong team of experts, the indus­trial holding company conti­nues to deve­lop the port­fo­lio compa­nies stra­te­gi­cally and opera­tio­nally. Toge­ther, the group gene­ra­tes more than 500 million euros in sales with five holdings and over 3,000 employees worldwide.

ADCURAM sees itself as an entre­pre­neu­rial inves­tor and invests in succes­sion plans and corpo­rate spin-offs. www.adcuram.com