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  5. Superior Essex Acquires Lacroix + Kress

M&A Deal Summary

Superior Essex Acquires Lacroix + Kress

On January 12, 2023, Superior Essex acquired manufacturer Lacroix + Kress from mutares AG

Acquisition Highlights
  • This is Superior Essex’s 1st transaction in the Manufacturing sector.
  • This is Superior Essex’s 1st transaction in Germany.

M&A Deal Summary
Date 2023-01-12
Target Lacroix + Kress
Sector Manufacturing
Buyer(s) Superior Essex
Sellers(s) mutares AG
Deal Type Add-on Acquisition

Target

Lacroix + Kress

Bramsche, Germany
Lacroix + Kress is a manufacturer of oxygen-free copper wire products in bare, tinned, silver-plated, and nickel-plated surfaces for industrial applications. The company serves customers worldwide from its two German production sites with the majority of sales coming from the European market. Lacroix + Kress is based in Bramsche, Germany.

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Buyer(S) 1

Buyer

Superior Essex

Atlanta, Georgia, United States
Category Company
Founded 1998
Sector Electrical Equipment
Employees4,500
DESCRIPTION

Superior Essex, Inc. is a designer and manufacturer of wire and cable products.

DEAL STATS #
Overall 2 of 2
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Germany M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-26 Nexans Tianjin Magnet Wire and Cables Co.

Tianjin, China

Nexans Tianjin Magnet Wire and Cables Co. is a cable producer.

Buy -

Seller(S) 1

SELLER

mutares AG

Munich, Germany

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

mutares AG (MUX:Berlin) is a publicly traded German holding group that acquires controlling stakes in small and medium-sized companies. mutares looks for businesses facing special situations, such as non-core divestitures, succession issues, or in need of restructuring. Target companies generally have at least €10 million in revenues. mutares does not have any sector preferences. mutares AG was formed in 2008 and is based in Munich.

DEAL STATS #
Overall 18 of 22
Sector: Manufacturing M&A 2 of 3
Type: Add-on Acquisition M&A Deals 9 of 11
Country: Germany M&A 6 of 7
Year: 2023 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 Japy Tech

Saint-Apollinaire, France

Japy Tech is a manufacturer of cooling tanks in various sizes and designs for different applications from the European and global dairy cooling industry. Japy Tech is based in Saint-Apollinaire, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 FDT

Mannheim, Germany

FDT is a manufacturer of thermoplastic roofing membranes. The Company supplies complete systems for waterproofing and all-round services for all project phases. FDT was founded in 1873 and is based in Mannheim, Germany.

Sell -
Mergr

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