The Hornschuch Group has acquired the American film producer O’Sullivan Films Inc. based in Winchester Va. After the conclusion of the contract in the past week, the deal was closed on last Monday. By operating on the North American market, manufacturer and marketer of decorative and functional films for the automotive sector, the commercial sector as well as for medical and consumer applications Hornschuch expanded its international business is a volume of more than 50 million euros. The acquisition is part of a long-term plan for global expansion and extending the product portfolio. “This is for Hornschuch a crucial step in a strategic market,” said Rolf J. Gemmersdörfer, chairman of the Konrad Hornschuch AG. “Both companies derive their unique expertise of each of more than 100 years of market presence. Together, we will be able to develop for our customers even-valued and better solutions. That is why we O’Sullivan the best complement to a profitable growth path. And that is a guarantee for the sustainable protection of our core business and our jobs. ”

The brand name O’Sullivan and the management team remain. “Hornschuch is the ideal partner for us because our business philosophy and marketing approaches are similar and follow the same success,” said Denis Belzile, who is also CEO of the future O’Sullivan Films, Inc. “In addition, our product portfolios are highly compatible. On this basis, we will be able to accelerate growth. ”

Over more than 10 years, the leadership team Hornschuch the innovation performance and international expansion initiatives has forced buy-outs and strategic support. Since 2008, the company is majority owned by Barclays Private Equity – a leading European equity investor focusing on investments in medium-sized enterprises – and the Hornschuch management.

“We have found with O’Sullivan a company culture and the mindset to Hornschuch 100 percent fit,” said Michael H. Bork, Chairman of the Konrad Hornschuch AG.

With O’Sullivan opens up the surface specialist now the American market in the largest possible dimension. Taken together, the planned sales of the two companies is more than 200 million euros.

Short profile of O’Sullivan Films, Inc.:

O’Sullivan is a leading North American manufacturer and the operator of advanced polymer films, based in Winchester, Virginia. With more than 100 years of market presence and about 350 employees, the Company serves customers in the automotive industry, the medical technology sector and the property sector and consumer groups. Along with investors, the management bought the company in 2006 by PolyOne Corp.. (www.osul.com)

via German Group Aquires O’Sullivan Films of Winchester Va : Winchester Daily-Monitor.