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05/15/12
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OUTLAST: TAKEOVER
BY INVESTMENT GROUP
Emerged from the Ploucquet Group,
Outlast Europe GmbH, based in Heidenheim and manufacturers of climate
regulating Phase Change Materials, has been taken over by Golden
Equity Investments, a private equity firm that invests in operating
businesses.
The private
equity firm Golden Equity Investments (CFI) is based in Golden,
Colorado / USA, and makes control investments in growing businesses
in a variety of consumer and industrial markets. Outlast Technologies
is a leading manufacturer of temperature-regulating phase change
materials and is currently in the process to extend the European
distribution of technical and highly functional materials and to
improve sales. Through the takeover the existing value chain should
be enriched and allow the company to consolidate and expand its
position as market leader around the phase-change technology. For
Outlast customers and partners will be no noticeable changes in
the daily business.
"Our
customers will continue to benefit from the usual good service and
high product quality. There are no personnel changes intended, all
employees will remain so that the global business will go on as
usual. All business activities in North America, Europe and Asia
remain unchanged," the company announced. The company will
continue with the name Outlast, but change the company's name in
course of the takeover now to Outlast Technologies LLC, in order
to suit into the structural requirements. The European markets will
be served from Outlast Europe GmbH, based in Heidenheim at the Brenz,
Baden-Wurttemberg. Eleven persons are employed here, worldwide there
are 33. Turnover has not been disclosed by the company.
The parent
company Outlast Technologies LLC is based in Boulder, Colorado /
USA and is presumed a pioneer and world leader in research development,
design and marketing of phase-change materials and their applications.
Since 1992 Outlast holds patents for encapsulated Outlast PCM as
coating on textile materials and fibers. Outlast fibers, fabrics
and coatings were originally developed for NASA to protect astronauts
from temperature fluctuations in space. Meanwhile over 200 brands
are using the Outlast technology on a wide range of products of
sportswear, underwear, knitwear, socks and shoes, from helmets,
bandages and clothing for pets to bedding and seating. The Outlast
technology uses phase-change materials (PCM), which absorb and store
heat and release it again. The technology proactively responds to
changes in skin temperature: the heat balance is optimally controlled,
the perspiration is reduced and thus an optimal comfort achieved....more
Susanne Schaper
© Photos: Outlast Technologies LLC
Translation: Textination-Team
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Associations
EHI - Energy Management Award (EMA) 2012: Applications are welcome
Data protection in RFID applications
Updated ECR application recommendation Fashion released
E-mail advertising: High legal barriers confirmed
EDI: Consistent season designation
PR text on headgear available
DTV - shirt sector campaign started
Tax return: valid reasons for partial write-downs
Bed press promotion in spring
BTE-annual intercompany comparison, interim analysis at March 31
Light + Building: About new lighting technology
Textile retail with concern about the customer traffic and Internet competition Suppliers: online activities in the criticism Survey on payment systems 2011: Textile retail with ups and downs New standardized regulations for wool qualities
DTV is exhibiting at the Texcare 2012
LDT Nagold: Short-term places available Withdrawal instruction: POB is not enough
Visit BTE / TW Partnership Conference
Online-Shops: vague clause about deliveries in General Terms and
Conditions prohibited
Rethink Order Planning
BTE – annual report 2011 in the Internet
Sunglasses: Informe before buying
Fashion sector with moderate price increases in 2011
Advertising 2.0: Which marketing mix leads to the greatest success?
Round of orders: Analyse Price Range Structure
BTE support for the order
Advance price labeling request in writing!
Facebook: Imprint required
Destocking: Use Winter Sales
Specialist literature about shoes
2012: Stabilize returns
PROFASHIONALPASS also for THE GALLERY
BTE-Events 2012
New market place for remnants, special items and overhangs at
Textination
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05/08/12
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MUSTANG: FOUNDING
FAMILY TRANSFERS THE REINS
Almost 90 years Mustang was run
as a family company. After the denim pioneer was sold last fall
to an investment group, now the last family member joined the advisory
board as chairman. Thus - an era comes to an end. With the retrieval
of product development and sourcing back to Germany a new course
now will be set.
"With
the retirement of Heiner Sefranek, who changes from operations to
the advisory board chair, now the last step in the previously announced
organizational changes after the sale of the Mustang Group to a
private consortium of investors was completed," Dietmar Axt,
CEO of the Mustang group anounces. Since January 1st the 45-year-old
is employed in that position in the Mustang group, he was introduced
into his duties four months ago by Heiner Sefranek, before the latter
joined the advisory board end of last month. Dietmar Axt spent a
year at the Falke Group in Schmallenberg as a member of the management
responsible for sales and marketing, before that he was director
of sales & licensing at Tom Tailor and managing director Germany
for Diesel.
Already with
the sale of the Mustang Group to an investors group of 14 shareholders,
led by the investment company ACapital Beteiligungsberatung GmbH
last fall, the course of the company, which almost 90 years had
been in family hands, was newly set. 1932 Louise Hermann founded
the L. Hermann clothing factory in Künzelsau and started with
six seamstresses the production of work wear.1945 Louise's son Rolf
Hermann and her son in law Albert Sefranek joined the company. With
the latter the jeans production started: after Albert Sefranek had
changed six "yankee-pants" and thus got the first pattern,
the production began of "tube-pants" in 1946, as they
were named because of their tight cut. Today under the Mustang label
a women and men collection as well as denim, accessories, body wear,
leather and shoes are being sold.
The products
are present in approximately 50 countries and are sold in about
200 own and franchise stores as well as through numerous area collaborations
with trade partners and retail stores. Since autumn 2009 the Mustang
shop is online as well. Behind ACapital among others stands Thomas
Schlytter-Henrichsen and Harald Rönn, who both in 2005 via
the Group Alpha were involved in the purchase and the IPO of Tom
Tailor. Heiner Sefranek, son of Albert Sefranek, since 1974 employed
at Mustang, will remain in the company as shareholder and is confident
of being able to tackle with the help of the new investors the increasing
difficult challenges of the market. Already at one time, in 2006,
Mustang had to suffer a loss of 6.2 million EUR, when the sales
were EUR 96 million....more
Susanne Schaper
© Photos: Mustang-Bekleidungswerke GmbH + CO. KG
Translation: Textination-Team
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