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LENZING: non-core fibre interests sold

LEADING fibre specialist Lenzing announced the sale of two non-core interests as part of its strategy to concentrate resources and development on cellulosic fibres. Its wholly owned acrylic fibre subsidiary Dolan GmbH and its 91.1 per cent stake in European Carbon Fiber GmbH were sold to British private equity fund WHEB Partners and its associate Jan Verdenhalven. Both parties agreed to keep the purchase price confidential.

 

Lenzing AG

Lenzing AG

The sale of the two businesses will help Lenzing to minimize the impact of the currently depressed world prices for viscose fibres.

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