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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| Fund | Eqvitec Technology Fund III Argentum share 14.2% |
| Portfolio Company | StyroChem Finland |
| Date of Transaction | 2007-06-07 |
| Transaction | Acquisition |
| Seller | Wincup, Inc. |
| Buyer | Eqvitec Technology Fund III |
| Size of Transaction | |
| Ind. Focus | Industrial |
| Geography | Finland |
| Stage | Venture |