A vote cast contrary to a voting commitment is valid, even if all share-holders …
Freiburg, 25. November 2022 – ADVANT Beiten has advised Schmidt + Bartl GmbH, an expert for technical plastic products based in the Black Forest, on the sale of shares to the Frankfurt holding company VR Equitypartner together with the co-investor UnternehmensGut.
In the course of the completed transaction, the managing partner Sigrid Schmidt sold her shares. Her long-time co-managing director Heribert Rottler continues to hold an interest in the company and remains managing director. The purchaser will, in addition to capital, bring extensive know-how for further growth into the partnership. The parties agreed not to disclose the transaction volume.
Schmidt + Bartl GmbH ("S&B") was founded in Villingen-Schwenningen, Germany in 1985 and has been dedicated in the distribution of semi-finished plastic products, plastic piping systems and elastomers for almost 30 years. Furthermore, S&B has been active in the production of small volume technical plastic and elastomer parts for more than 15 years. The company generates an annual revenue of more than EUR 20m.
Together with VR Equitypartner and UnternehmensGut, the (partial) succession is supposed to be ensured and the successful growth strategy continued. In addition to broadening the customer base from the chemical industry, food technology, renewable energies, pharmaceutical industry, mechanical engineering, medical and cleanroom technology and semiconductor technology, also the range of products and production capacity is to be further expanded.
Advisors to Schmidt + Bartl GmbH:
ADVANT Beiten: Dr Barbara Mayer (Freiburg), Christian Burmeister (Freiburg/Berlin), Simon Schuler (Freiburg, alle Corporate / M&A).
