VR Equitypartner acquires stake in plastics specialist Schmidt + Bartl
Frankfurt am Main / Villingen-Schwenningen — The Frankfurt-based investment company VR Equitypartner, together with co-investor UnternehmensGut, is acquiring a stake in Schmidt + Bartl GmbH, the Black Forest expert for technical plastics, and will contribute not only capital but also extensive know-how for further growth to the partnership. Heribert Rottler, Managing Director at Schmidt + Bartl, will retain an interest in the company as part of the transaction and will continue to act as Managing Director. Financial details of the share acquisition will not be disclosed.
Schmidt + Bartl GmbH (“S&B”) was founded in 1985 in Villingen-Schwenningen and has been active in the distribution of semi-finished plastic products, plastic piping systems and elastomers for almost 30 years. Furthermore, S&B has been active in the production of small-volume technical plastic and elastomer parts for over 15 years and uses a wide range of machinery for this purpose, from CNC milling machines to 3D printers. Due to high material competences in plastic design, S&B advises the development departments of its customers from the idea to the production readiness of a product. The semi-finished plastic products can be individually processed in-house or externally using various machining processes. With its very broad product portfolio, ranging from standard to high-performance plastics, and its customer and supplier relationships that have been in place for several decades, S&B earns a annual sales of over EUR 20 million. The company is also efficiently positioned in the area of energy supply, so that around one third of the total electricity consumption is covered by an in-house photovoltaic system.
In the course of the completed transaction, the managing partner Sigrid Schmidt sells her shares. Its co-managing director of many years, Heribert Rottler, will continue to hold an interest in the company and remain managing director by means of a reverse shareholding. Together with VR Equitypartner and UnternehmensGut, the (partial) succession is now to be secured and the successful growth course continued. In addition to expanding the customer base from the chemical industry, food technology, renewable energies, the pharmaceutical industry, mechanical engineering, medical and clean room technology, and semiconductor technology, the range of products and production capacity are also to be further expanded.
“With VR Equitypartner and UnternehmensGut, we have found long-term, financially strong and experienced partners who at the same time have a lot of experience with succession planning. This creates an excellent basis for the future and further development of our company,” says Heribert Rottler, Managing Director of Schmidt + Bartl GmbH.
Christian Futterlieb (photo), Managing Director at VR Equitypartner, also, is optimistic about the future: “In over 35 years of company history, Schmidt + Bartl GmbH has positioned itself excellently in the field of plastics processing and its distribution. With the companies DITTRICH+CO., KTP, DUOPLAST and other holdings, we have a broad background of experience with regard to the material, and we see continuous dynamic performance increases in plastics overall, and consequently also a strongly growing area of application. This and the solid starting position of Schmidt + Bartl GmbH provide an excellent basis for exploiting further growth potential, which we now intend to drive forward together with UnternehmensGut and the existing shareholder Heribert Rottler.”
“Schmidt+Bartl can look back on a long history of success with great technological know-how and a high level of market, customer and solution orientation. As a long-term investor in medium-sized companies, we are pleased to be able to support the company’s further growth plans and to contribute our expertise to the group of shareholders,” adds Jens Fürbeth, Managing Director at UnternehmensGut.
The transaction team at VR Equitypartner:
Thiemo Bischoff, Astrid Binder, Sebastian Leker, Alexander Koch, Frank Wildenberg
Consulting firms involved in the transaction by VR Equitypartner:
Commercial: Bluemont Consulting (Markus Fränkel, Sascha Vollmerhausen)
Financial / Tax: Grant Thornton (Harald Weiß, Dr. Stefan Hahn)
Legal: Heuking Kühn Lüer Wojtek (Dr. Rainer Herschlein)
Real estate: Drees & Sommer (Grzegorz Pieluzek)
Cartel: KWM Europe (Tilman Siebert)