REHAU Group has sold REHAU Automotive to Atlas Holdings
REHAU Automotive
REHAU Automotive is a Tier 1 supplier with €1.4 billion in annual revenue based in Northern Bavaria focused on the development and manufacturing of premium exterior, bumper and polymer functional systems. The company employs more than 7,000 people, operates 11 manufacturing plants and is the preferred partner to major premium vehicle manufacturers, including Mercedes, BMW and Audi.
The Deal
Following the acquisition of REHAU Automotive by Atlas Holding, REHAU Automotive will be merged with SRG Global, a leading provider of injection molded, chrome-plated and painted automotive components, and the business combination will be named RESRG Automotive. The company will form the global market leader in painted polymer exterior automotive products with a global staff of more than 10,000 employees and offer a broader product portfolio and enhanced geographical presence. The shareholders of REHAU Group will maintain a stake of roughly one-third in the newly formed corporation.
Our Perspective
“In this challenging market environment, we will see more successful private equity-led transactions to drive consolidation in the automotive market,” said Patrick von Herz, Lincoln International Managing Director and global co-head of the automotive & mobility technology team who led the transaction. “We have achieved an attractive result for shareholders, creating a much more resilient market leader with superior scale as a basis for a joint value-creation in combination with a highly successful private equity group. The successful transaction was based on Lincoln’s intimate knowledge and prior track record in the exterior plastics sub-sector and longstanding relationships with automotive-oriented private equity groups in Europe and North America.”
REHAU Group
REHAU Automotive is part of the global REHAU Group, a €4.5 billion industrial holding company. Founded in 1948 by Helmut Wagner, REHAU Group has developed into a highly successful global group with more than 20,000 employees creating innovative solutions for the automotive, construction, furniture, industrials, materials, medical and ventures sectors.
Atlas
Headquartered in Greenwich, Connecticut and founded in 2002, Atlas and its affiliates own and operate 26 companies which employ more than 50,000 associates across 350 facilities worldwide. Atlas operates in sectors such as automotive, building materials, capital equipment, construction services, food manufacturing and distribution, metals processing, packaging, paper, power generation, printing, pulp, supply chain management and wood products. Atlas’s companies together generate approximately $16 billion in annual revenue.
Lincoln International was pivotal in providing REHAU Group with the right strategic options in a challenging market environment. Based on a thorough management roadshow with a focus on North American investors, Lincoln International navigated a very intense and complex mergers and acquisition process which included a concurrent sale, merger and re-investment.
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