The shareholders of Elastofirm have agreed to sell a majority stake to investment company Egeria. Existing shareholders and management will reinvest going forward.
Elastofirm group consist of operating companies active in the compounding and processing of rubber. The group operates in total five production sites in the Netherlands (Lelystad (2x), Vaassen, Vorden and Hoogezand) and two in Germany (Giessen and Gelnhaussen). The operating companies in the group are Polycomp, Flevorubber compounding, QEW Engineered Rubber, Flevorubber Extrusie, Technische Profielen Produktie and Poppe Elastomertechnik. The Elastofirm group has been built over the last decade by the current shareholders through a successful buy-and-build strategy.
