Blue Cap portfolio company Neschen Coating GmbH expands management team

_Andreas Mertens, 54, will join the Neschen Group management team in March

München / Bückeburg, 22 February 2021 The Blue Cap portfolio company Neschen Coating GmbH’s management team is being bolstered. Andreas Mertens will join managing director Kai Tittgemeyer on 1 March 2021 to drive forward the company’s growth under Blue Cap AG’s ownership. In this role, the 54-year-old will be responsible for sales and marketing across the entire Neschen Group.

After qualifying as a banker, Mertens studied management at the University of St Andrews in Scotland. He then worked as a manager and entrepreneur with his own company holdings in various specialist and management positions, primarily at SMEs. For the past 12 months, he has been an investment manager at the holding company Blue Cap AG and has been working closely with Neschen since taking on this position. Mertens brings 20 years of management experience with a strong focus on international trade, production and service to the table. Merten’s main responsibilities will include further developing the company’s sales and marketing structures in order to further accelerate the growth momentum it has been gathering since 2019. In addition to the optimisation of the Filmolux Group, this includes establishing Neschen Coating GmbH’s international presence even more firmly and stepping up activities in the highly profitable Industrial Applications business area. One major focal point will be the digitalisation of sales processes.

The previous sole managing director and future management speaker Kai Tittgemeyer welcomes Mr Mertens’ arrival: “With Andreas Mertens we have gained an excellent manager. He brings with him the expertise needed to boost our sales and marketing activities. This puts us in the perfect position to strategically grow the Neschen Group into an internationally leading supplier of state-of-the-art self-adhesive products and high-quality coated media.”

Neschen Coating GmbH has already achieved strong operational growth since joining Blue Cap AG in 2016 and over the last few years has consistently expanded its sales and marketing activities. Thanks to the merger of all Neschen trading subsidiaries into the Filmolux Group in 2017, which has distribution companies in seven European countries, the USA and Japan, Neschen has its own independent distribution channel. In addition to the Neschen product portfolio, Filmolux also distributes selected merchandise. The Neschen Group currently employs close to 300 people and recorded revenue of EUR 62 million in 2019. In 2020, the Neschen Group significantly contributed to Blue Cap AG exceeding its forecasts for consolidated revenue and consolidated earnings in the first half of 2020 and the third quarter of 2020.

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Investor Relations & Corporate Communications

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