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With effect of 1 December 2010, Kai Capital Management GmbH & Co. KGaA has acquired a majority interest in packaging machine manufacturer HASSIA-REDATRON, head- quartered in Butzbach, Germany through the purchase of HASSIA-REDATRON’s operating assets.
HASSIA-REDATRON has 49 employees and was forced into insolvency in November 2009 as a result of the insolvency of its parent company. HASSIA-REDATRON’s high quality products, loyal customer base and continuous customer orders, even throughout the insolvency proceedings, allowed the insolvency administrator to continue operating the company.
HASSIA-REDATRON is a specialized and internationally oriented supplier of high quality tubular pouching packaging machines. HASSIA-REDATRON’s product portfolio includes custom tailored tubular bag, sealed edge and stick pack packaging solutions. HASSIA-REDATRON’s customer base includes customers such as Procter & Gamble, L'Oréal, Colgate, Unilever, 3M and Wacker Chemie.
The owner of the US American packaging machine company, Circle Packaging Machinery, Inc. and Campbell Wrapper Corporation, John Dykema acquired a minority stake in HASSIA-REDATRON and will service HASSIA-REDATRON’s customer base in North America.
Kai Capital Management acquires medium-sized companies, which are in special circumstances, including situations of financial distress. In its portfolio companies, Kai Capital Management forms a partnership with the operational senior management. Kai Capital Management’s focus lies on the mid and long-term strategic development and value creation of its portfolio companies.
Contact:
Kai Capital Management GmbH & Co. KGaA
Neuer Zollhof 2
40221 Düsseldorf
Tel: +49 211 38 54 64 3
Fax: +49 211 38 54 64 59
info@kaicap.de
