Dralon finalizes the acquisition of Dolan Holding GmbH and Dolan GmbH
Funds advised by Alpina Capital Partners LLP ("Alpina", "Alpina Partners") and private Investor Jan Verdenhalven sold all shares in Dolan Holding GmbH and Dolan GmbH ("Dolan") to Dralon GmbH ("Dralon"), a leading producer of raw white acrylic fiber headquartered in Dormagen, Germany. Dolan is based in Kelheim, Germany and is a specialty chemicals business mainly focusing on spun-dyed acrylic fiber for outdoor textiles. The parties agreed not to disclose the terms of the transaction.
Florian Strehle, a Partner with Alpina comments on the latest exit of the pan-European technology investment firm: "After successfully exiting European Carbon Fiber GmbH to Solvay in November 2017 the trade sale of Dolan to Dralon is the second exit to a strategic acquirer for Alpina within seven months. We would like to thank Luis Puncernau, Managing Director and CEO of Dolan and the entire management team as well as our co-investor Jan Verdenhalven for the support and the very positive development of the company during the past three years. Dralon and Dolan is a perfect match."
Jan Verdenhalven, investor and former Managing Director of Dolan Holding GmbH adds: "Dralon is the ideal new owner for Dolan, its employees and customers. The businesses complement each other perfectly. We are confident that this transaction will significantly strengthen the combined acrylic fiber business activities."
Stefan Braun, Managing Director and CEO of Dralon explains: "It is a consistent move for Dralon to strengthen its position as a leading supplier of acrylic fiber. The geographical proximity, the expertise and know-how of Dolan and its employees in addition to the highquality products and distinctive customer services convinced us to acquire Dolan. The product ranges complement each other perfectly without any overlap. Going forward we will further develop Dolan and leverage its potential."