News
January 2021

Argonas advises Tecno Plast and its shareholders on succession solution with Swedish Indutrade Group

Argonas Corporate Finance Advisors (“ACF”) has advised Tecno Plast Industrietechnik GmbH (“Tecno Plast”) and its shareholders on the sale to Swedish Indutrade AB (“Indutrade”) as part of succession solution.

Tecno Plast is one of the leading technical trading companies for single-use tubing sets, PTFE and silicone hoses in the German-speaking regions. Next to great expertise in the relevant markets and technical applications, Tecno Plast also has its own clean room capacities and offers predominantly customer specific solutions. Its growing customer base thereby predominantly ranges across sectors such as biopharma, pharma, MedTech and chemicals as well as filling machines for the food and pharma industry – a particular demand is currently further experienced since as a supplier to the vaccine industry the company makes a contribution to fighting the Corona pandemic.

The further growth shall now be approached together with Indutrade Group, which being a publicly-listed company with about EUR 1.8bn revenues is a very strong partner. With complementary businesses in the group new growth opportunities will be created, at the same time, the decentralized and entrepreneurial group approach will ensure the independent further development of Tecno Plast.

ACF has advised and supported Tecno Plast and its shareholders as exclusive M&A advisor.

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