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Leading producer of technical textiles for decorative and technical applications

Vitrulan Group

Vitrulan Group consists of Vitrulan Textile Glass GmbH, Marktschorgast (Bavaria), Vitrulan Technical Textiles GmbH, Haselbach (Thuringia), and Vitrulan Composites Oy, Mikkeli (Finland). At the time of our acquisition, Vitrulan generated annual revenues of around €90 million with about 400 employees. Under our ownership, the company has grown to be a €90 million company with more than 500 employees since, through organic growth and the acquisition of the Finnish business. The company produces highly resilient glass-fiber based woven and fleece-based interior wall and ceiling coverings woven from glass yarns for public and private buildings, as well as reinforcing and backing fabrics, laminates, multiaxial scrim and specialist products based on carbon fibre and glass fibre.

Link to the website

Facts & Figures

Sector:
Textile glass (woven and fleece-based wall coverings) and glass- and carbon-based technical textiles
Location:
Marktschorgast (D), Haselbach (D), Mikkeli (FI)
Staff:
500
Revenue turnover:
€90 million
Acquired on:
30. November 2016; acquisition of the Mikkeli site on 31 December 2019
Vendor:
Family entrepeneur; Ahlström-Munksjö Oyi (Vitrulan Composites Mikkeli)
Transaction:
Acquisition of 90% of the shares as succession solution for an owner-operated enterprise; Corporate Carve-out (Vitrulan Composites Mikkeli)