Metzler advises Findos Investor on the sale of Rhenoflex GmbH to Coats Group
The listed Coats Group PLC acquires 100 percent of the shares of Ludwigshafen-based Rhenoflex GmbH. The sellers are funds managed by Findos Investor. Metzler Corporate Finance acted as Findos Investor's exclusive M&A advisor during the preparation and implementation of a competitive and international bidding process with investors from Europe, Asia and the USA.
Rhenoflex is the global leader in innovative and sustainable reinforcement solutions for footwear and lifestyle. Its product portfolio includes over 400 reinforcement solutions that are used in a variety of applications from footwear (e.g. sneakers) to luxury handbags. The company employs around 250 people and has production sites in Germany, China and Vietnam.
The Coats Group, based in Uxbridge (UK), is the world's leading manufacturer of industrial yarns and employs around 18,000 people in around 50 countries. Through the transaction, Coats Goup strengthens in particular its global platform for footwear components and continues to proactively drive the consolidation of the fragmented industry. In addition, Rhenoflex's strategic focus on sustainability and its reputation as a technology leader will further enhance Coats' portfolio of innovative offerings.
Read more in the press release of Rhenoflex and Coats Group.