Mutares
Mutares SE & Co. KGaA (styled Mutares) is a German based holding company that acquires medium-sized companies in turn around situations by internal restructure to promote success. Portfolio Since its establishment in 2008, Mutares has acquired more than 25 companies and carried out several divestments. As of January 2019, the company holds 10 independent portfolio companies headquartered in Europe, with sites in Asia, Africa and the Americas. The company portfolio is divided into three segments: Automotive and Mobility, Engineering and Technology and Goods and Services. Bankruptcies and Liquidations Various Mutares Portfolio Companies had to file for bankruptcy or have been liquidated: German paper mill Zanders, French e-commerce company Pixmania German producer of inverters Platinum French Wholesaler for tableware Artmadis was liquidated. Company sales The following portfolio companies had been sold off: German automotive supplier STS Group, Italien postal company Nexive,Klann Packaging, German Fertigungstechnik Weißenfels Dutch producer of waste machines Geesinknorba German producer of packaging machines A+F Automation+Fördertechnik, French e-commerce trader of electronic goods Grosbill French e-commerce company Pixmania, Irish pharma company Suir Pharma Ireland (ex Stada Production Ireland), French logistics company SN CGVL German automotive supplier HIB Trim Parts Solutions Shares Mutares SE & Co. KGaA shares have been traded in the Entry Standard of the Frankfurt Stock Exchange since May 2014. Mutares has a market capitalization of around €300 million. Development of the Mutares Group Mutares was founded in 2008 by Axel Geuer and Robin Laik in Munich. In 2013, the Mutares Group achieved nine-year sales of €347 million with nine investments. In fiscal 2012, the financial year was changed to the calendar year. Until the short financial year 2012, the financial year ran from April to March. In addition to its headquarters in Munich, Mutares also has offices in London (UK), Paris (France) and Milan (Italy). * Short fiscal year from April until December. Company Approach Mutares acquires low-income companies or parts of companies that no longer belong to the core business of a group and are therefore removed or for which a sale makes sense in the course of corporate succession. Portfolio Companies Elastomer Solutions (2009) The Elastomer Solutions Group designs, manufactures and distributes moulded rubber parts for the automotive industry. The group's main product is grommets for protecting wiring looms in automotive on-board electrical systems, such as between vehicle doors and the body. Elastomer supplies these products to customers such as Daimler, Renault, Ford, Opel and Volvo. Elastomer employs approximately 470 people at a total of six locations in Germany, Portugal, Slovakia, Morocco and Mexico. The Elastomer Solutions Group was acquired from the Diehl Group in August 2009. Klann Packaging (2011) Klann is a manufacturer of tinplate packaging. Klann develops and produces promotional and sales packaging from printed tinplate. Among its customers are well-known manufacturers of branded products and retailers from a range of sectors. Klann operates from its headquarters in Landshut, where it employs roughly 100 people. Mutares acquired the Decorative business of the HUBER Packaging Group in June 2011 and renamed it KLANN Packaging.