1st January 2017 / by admin
Cathay Investments purchases Lantor from Active Capital Company
Innovative nonwoven manufacturer ready for the next step
Amsterdam, 04 January 2017 – Cathay Investments purchases Lantor, a multinational producer of nonwovens for the cable- and composites industry, from Active Capital Company for an undisclosed sum.
Lantor develops, manufactures and markets nonwovens for industrial application mainly in Cable and Composites. With production facility in Veenendaal (the Netherlands) and a subsidiary in Haibach (Germany), Lantor’s intermediate goods are used in a wide variety of products: from communication and energy cables to fiber enhanced plastics (composites) like wind turbines and yachts.
About the Acquisition of Lantor
Cathay Investments Limited is purchasing Lantor as part of its commitment to expand its chemical and distribution business. Managing Director Daan Koppen says: “We are very happy that Active Capital Company was our partner and shareholder. We are looking forward to further build on the strategy that was set out under them, but now as part of Cathay Investments (Cathay), maintaining a separate identity within Cathay. In Cathay we have a long-term shareholder that knows the industry, is better able to help Lantor execute the chosen strategy and will assist with the development of future plans.”
Ben Chaing, CEO of Cathay says: “Cathay Investments is pleased to announce its recent acquisition of Lantor BV from Active Capital Company and management. This acquisition is further evidence of Cathay’s commitment to develop a fully integrated group in order to provide our customers with the best possible service in an increasingly competitive market place.” The current management team members and part shareholders of Lantor, Martin den Ottolander and Daan Koppen, re-invest in Lantor together with Cathay.
About Cathay Investments
Croydon-based Cathay Investments owns several companies in the chemical and distribution industries. As a forward-looking investment company Cathay spends time and resources to develop group companies to achieve their full potential and provide positive experiences for customers and trading partners. Cathay group companies include Euroresins, a Europe wide distributor of resin, glass fibre and other products for the composites industry; Amethyst Group, a UK 3rd party logistics and warehousing provider; and Perkins Group Services, a distributor of toys and stationery.
About Active Capital Company
Active Capital Company (ACC) is an Amsterdam based independent hands-on private equity firm. AAC invests in companies that are headquartered in the Netherlands and that are operating in industrial goods and services or (technical) wholesale and manufacturing, and have a revenue between 10 and 80 million euro. ACC invests in companies with a strong core (good customers and products), and companies to which the team can add value through proactive involvement.
Active Capital Company is financed and supported by institutional investors and entrepreneurs with a proven track record in similar markets.