Deal

Eqvitec Technology Fund III acquires StyroChem

Eqvitec Technology Fund III has acquired all shares in StyroChem Finland Oy, the leading EPS producer in Northern Europe, from US-based Wincup, Inc.

StyroChem produces a mix of expandable polystyrene (EPS) grades in its manufacturing sites in Porvoo and Kokemäki, Finland. The company constantly develops new product grades to proactively serve customer needs.

StyroChem has a European-wide sales network serving EPS converters operating mainly in construction and packaging. The company had revenues of EUR129 million in 2006 and it employs some 140 people.

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FundVerdane ETF III SPV (Prev. Eqvitec Technology Fund III K/S) Argentum share 14.19%
Portfolio CompanyStyroChem Finland
Date of Transaction2007-06-07
TransactionAcquisition
SellerWincup, Inc.
BuyerVerdane ETF III SPV (Prev. Eqvitec Technology Fund III K/S)
Size of Transaction 
Ind. FocusIndustrial
GeographyFinland
StageVenture
 

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