M&C, together with the two second-largest shareholders Goldman Sachs and Merced Capital, had been considering options for the further strategic development of Treofan, headquartered in Raunheim, Germany, over the past few months. According to the investment firm, its decision to invest even further in the company was based on the very positive performance of the past two years, with a normalised gross operating profit of €29.5 million in the first eight months of 2016, up 30% on the same period in 2015 (€22.7 million). M&C is expecting a further increase in profitability in the future.
“We’re delighted about M&C’s increased commitment, which will open up additional strategic options for our company to continue growing profitably worldwide,” comments Dr. Walter Bickel, CEO of Treofan. “At the same time, I would like to thank our previous shareholders Goldman Sachs and Merced Capital, without whose support we wouldn’t be where we are today.”