Advised on Sale of CompanyIndustri
has been acquired by
CirComp GmbH, a specialist in products based on high-performance fiber composites, was sold to Albany International Corporation, a NYSE listed developer and manufacturer of engineered components. CirComp Founder Ralph Funck will stay with the company as managing director.
Leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses - the manufacturing of fabrics and process felts and the production of technical components from fibre composite materials. Albany International is headquartered in Rochester, New Hampshire, operates 23 plants in 11 countries, employs more than 4,400 people worldwide.
Innovative manufacturer of structural aircraft components with an excellent market position in the constantly growing field of carbon composites for lightweight parts. the Kaiserslautern based company has more than 50 highly qualified staff and was founded in 2009 by Ralph Funck.
IMAP M&A Consultants AG initiated the transaction on behalf of CirComp and handled it in all its phases.