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05/15/12

 

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

 

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


 

05/08/12

 

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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