Aventics Sells Tooth Chain Business to Renold
AVENTICS GmbH, a company belonging to the private equity fund Triton, has disposed of its tooth chain business through an asset deal. Tooth chains are integral to drive and conveying systems, used for example by carmakers and glass producers. Although the business was a global market leader in its niche, AVENTICS chose to divest it to focus on its own core business of pneumatics.
Happily AVENTICS found the perfect buyer in the English company Renold plc, itself a global market leader in the manufacturing of chains and chain drives. The new owner, who felt it was extremely important that all of the employees accept the transfer, offers greater development opportunities for the business, which has a plant in Gronau an der Leine.
Consus Partner was the exclusive advisor for AVENTICS throughout the entire sales process.
All six of the transactions we supported last year were concluded with foreign buyers (3 in HK/China, 2 UK, 1 USA). Half of them were carve-outs. This demonstrates both our strength to handle complex transactions with in-depth preparation and our ability to identify the right international acquirers successfully.