Hornschuch and O’Sullivan Films are joining forces to accelerate the realization of growth opportunities
Hornschuch-Group is pleased to announce that it has purchased O'Sullivan Films. This strategic acquisition is part of a plan to further expand geographically and also to deliver additional products and services to the market.
“We are excited to be associated with O’Sullivan Films. This
is a very good company with a long standing tradition of excellence in
North America. The O’Sullivan Films name and management team will remain
in place. Together, we will be able to offer better value and solutions
to our growing customer base” said Rolf J. Gemmersdoerfer, CEO of
Konrad Hornschuch AG.
“Hornschuch is the right partner for O’Sullivan
Films. Our business philosophies and approaches to market are similar.
Our product portfolios are very compatible. I am confident that our
combination will enable the acceleration of our growth agenda“ said
Denis Belzile who will remain CEO of O’Sullivan Films.
Hornschuch is a leading producer and marketer of highly technical films, foils and
artificial leather for the home decoration, fashion, furniture,
automotive and construction related markets through its well known
brands d-c-fix and Skai. The head quarter and manufacturing is located
in Weissbach, Germany with 800 employees and more than 80
representatives worldwide.
Hornschuch was founded in 1898. The current
management team has more than 10 years entrepreneurial experience in
several MBO’s and sold in 2008 the majority stake of the company to
Barclays Private Equity. Hornschuch has developed a strong track record
of growth and product innovations over the last years.
O’Sullivan Films is a recognized leader in the production and commercialization of
polymer films and finishing film technologies serving the Building
Products, Consumer, Healthcare and Automotive markets. It employs 350
people at its facilities in Winchester, Virginia. O’Sullivan has been in
existence for over 100 years. In 2006, it was acquired from PolyOne
Corporation by its management team and investors.
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