Stürtz Welcomes new Investment Partner
Twinsburg, OH –
Stürtz is pleased to announce the finalization of a major investment transaction with CGS Management of Pfäffikon, Switzerland. Effective immediately, majority ownership of Stürtz is transferred to CGS with several of the current Stürtz management team members, from both divisions in Germany and North America, holding equity positions in the company.
“This is an exciting time for Stürtz!”, comments Ellis Dillen, President and CEO for Stürtz’s North American operation. “The CGS team is a formidable entity in the European equity fund arena. They have consistently pursued successful “buy and build” transactions focusing on industrial manufacturing, machinery and highly innovative businesses. Their expertise and extensive resources will allow us to continue pursuing aggressive research and development efforts towards automation of PVC window and door manufacturing, as well as to help us achieve some of the growth strategies we have had in place to make us even stronger in our market. CGS recognizes the strong team we’ve built around our dedicated customer base and will continue to invest in the people and the vision of our organization.”
Stürtz is a leading manufacturer of machinery and systems for the worldwide PVC fenestration industry.
CGS is an independent, experienced industry partner specialized in building medium-sized companies into international groups. Since 1999, CGS funds have been investing in platform companies in German-speaking countries and making add-on acquisitions worldwide.