The GEKA Group puts more focus on its core business areas Beauty and Healthcare and has sold its stake in OEKATECH Automotive GmbH to Munich based investment firm RADIAL Capital Partners.
OEKATECH, based in Bamberg, with 63 employees manufactures technical components made of metal and plastic for renowned automotive suppliers, companies from the electrical as well as the process industry. Its product portfolio comprises precision deep-drawn parts, overmolded metal parts and assembled components, which are used among others in control and regulation systems, and in the drive systems for cars and trucks. “With OEKATECH we have acquired a tradition-rich company with high engineering and manufacturing expertise,” says Ulrich Radlmayr, managing partner of RADIAL Capital Partners. “In its 100-year corporate history OEKATECH has always been a reliable supplier. The high development competence of the company is the basis of numerous and long-standing customer relationships. We intend to deepen and widen the existing business relationships with customers from the automotive sector. In addition, there are various approaches for growth in other areas, including Food & Beverage Machinery. For example, we see common strategic market opportunities with our portfolio company VAN DER MOLEN which is a leading manufacturer of processing equipment for the beverage industry.” “We are pleased that with RADIAL Capital Partners we found a long-term, entrepreneurially dedicated and sustainable investor for OEAKTECH” says Nikolaus Michelsen, CEO and CFO of the GEKA Group. “The planned growth initiatives will strengthen the market position of OEKATECH and secure the future of the site in Bamberg.”
The existing management team led by longtime manager and former owner of OEKATECH, Gerald Oehlhorn, will be extended by Michael Nier, formerly General Manager at Triumph Motorcycles. Michael Nier is a proven sales specialist and automotive expert. Together with Gerald Oehlhorn he will be implementing the sustained growth course of OEKATECH.
About RADIAL Capital Partners (RCP):
RCP invests in European medium-sized industrial enterprises in special and transitional situations, in particular corporate spin-offs, unresolved succession or restructuring. The investment focus of RCP is on industrial companies with revenues between EUR 10 million and EUR 250 million and EBIT margins of up to 8% which indicate potential for operational value enhancement. Within its investment management RCP puts great emphasis on the long-term and sustainable development of the portfolio companies, taking into account social and environmental concerns. Ulrich Radlmayr and Andreas Mayr, founders and managing partners of RCP, have many years of experience in the acquisition and management of firms in special and transitional situations. In the past they were responsible for the acquisition and operational performance management of more than 50 companies in the SME sector.
GEKA GmbH is a leading manufacturer of brushes, applicators and complete packaging systems for cosmetic and pharmaceutical industries. The head office of GEKA is located in Bechhofen-Waizendorf west of Nuremberg. GEKA operates internationally and has manufacturing and sales offices in Asia, Europe, the USA and South America. Within the three divisions GEKA Beauty, GEKA Healthcare and GEKA Accessories, the company offers customized developments and OTC packaging solutions. Profound product expertise, the continuous flow of innovations and numerous patents characterize GEKA as application specialists and development partner for the international industry. The company employs around 900 people worldwide. GEKA was founded in 1925 and is owned by the growth-oriented medium-sized private equity company 3i and the management. For more information, refer to www.geka-world.com.