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Lenzing Sells Subsidiaries Dolan and European Carbon Fiber

Published: April 15, 2015; 18:00 · (Vindobona)

The Lenzing Group has sold of its fully owned German subsidiary Dolan GmbH, Kelheim and its 91.1% stake in European Carbon Fiber GmbH, Kelheim to WHEB Partners’ Growth Fund 2 of England and Jan Verdenhalven.

Lenzing Sells Subsidiaries Dolan and European Carbon Fiber / Picture: © Lenzing

The contract was signed on April 15, 2015.

Both sides agreed to keep the purchase price confidential.

“The sale comprises part of Lenzing’s strategy to focus on its core business of man-made cellulose fibers. With WHEB and Jan Verdenhalven, Lenzing succeeded in finding financially strong, industry-oriented new owners in which both companies will be able to…

This article includes a total of 213 words.

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