Financial and press releases
INDUS continues to strengthen portfolio structure and sells series supplier
- Contract on sale of WIESAUPLAST Group signed
- Share of series supply further reduced
- Focus on acquisitions in growth industries
With effect from 1 January 2022, stock exchange-listed INDUS Holding AG will transfer 100 percent of the shares in Wiesau-based WIESAUPLAST GmbH & Co. KG and all its subsidiaries to the SCHERDEL Group in Marktredwitz. Employing a good 500 people, the WIESAUPLAST Group, which has been a member of the INDUS Group since 1997, produces high-precision technical plastic parts for the automotive engineering industry at two sites in Germany and Mexico. The series supplier generates annual sales revenues of around EUR 50 million. The sale is subject to approval by the antitrust authorities.
With the sale of the WIESAUPLAST Group, INDUS continues the process of systematically strengthening its portfolio and further reducing the share of series suppliers to the automotive engineering sector. In 2020, the Group already sold a direct investment as well as a sub-subsidiary from the Automotive Technology segment as part of the INTERIM SPRINT set of measures. In implementing its PARKOUR strategy, INDUS focuses on strengthening its portfolio through acquisitions in defined growth industries such as automation, construction or medical engineering. In 2021 to date, the JST and WIRUS investments as well as the FLACO sub-subsidiary have already been integrated into the portfolio. Moreover, the INDUS Board of Management is in promising talks on further acquisitions.
“In keeping with our ‘buy, hold & develop’ business model, we provide our small and medium-sized portfolio companies with sustainable support in their development,” says Dr. Johannes Schmidt, Chairman of the INDUS Board of Management.“ This policy also means that, in individual cases, we will divest a portfolio company should better development opportunities arise for the company and its employees under a new owner. In the SCHERDEL Group, we have found a strategic investor for WIESAUPLAST who, with more than 6,000 employees and 32 locations worldwide, has the appropriate size, international positioning and technological expertise to successfully take the Group forward in the challenging automotive environment. What is more, the SCHERDEL Group is a family-owned company with more than 130 years of tradition which shares our values that are geared towards long-term commitment and reliability.”