Blue Cap AG successfully completes acquisition of Hero GmbH
_Munich-based investment company acquires 71% of shares in plastics specialist
Munich, 1 March 2021 Blue Cap AG has successfully acquired a majority shareholding in Hero GmbH with completion of the transaction on 26 February 2021.
Hero GmbH and its two subsidiaries ENGEL Formenbau und Spritzguss GmbH and H + E Automotive GmbH (hereafter together “Hero”) develop and manufacture high-quality plastic parts and assemblies for vehicle interiors and the household appliance industry. The plastics experts currently generate revenue of around EUR 40 million with more than 200 employees at four locations in Baden-Württemberg.
In collaboration with Blue Cap AG, Hero plans to increase its growth and significantly expand its market position. The Group is planning to step up its distribution activities further and examine options for inorganic growth. The transaction underlines Blue Cap AG’s portfolio strategy of focusing on equity investments with an intact core business and clear growth and improvement potential. With Hero, Blue Cap now has nine portfolio companies under its umbrella.