An Affiliate of Sun European Partners Acquires Manoir Industries, a Manufacturer of Highly-Engineered Specialty Metal Components and Assemblies
Sun European Partners, LLP ("Sun European Partners"), the European
adviser to Sun Capital Partners, Inc. ("Sun Capital"), today announced
that one of its affiliates has acquired Manoir Industries ("Manoir"),
a designer and manufacturer of highly-engineered specialty metal
components and assemblies, acquired in 2005 by the FCPR T'NT-1 a
Turnaround private equity firm managed by Fin'Active. Manoir is
specialized for the aerospace, medical, energy, petrochemical, steel,
construction, railway, defence industries and operates nine
manufacturing facilities, including eight in France, one in Belgium,
and a joint venture in China, employing over 2,800 employees. Revenues
are in excess of EUR 335 million. Terms of the transaction were not
disclosed.
For over 30 years, Manoir Industries has been involved in actively
developing new alloys and processes to improve the mechanical and
metallurgical properties of metals. The Company has specialized
production facilities, demonstrated state-of-the-art technology, and
unsurpassed competence and experience in the following metals
transformation processes: (i) foundry melting and casting of all
ferrous grades and materials, and casting from ounces up to 15 metric
tonnes, (ii) forging of ferrous, aluminium, and super alloys including
open closed die and net shape forgings, (iii) hydroforming, (iv)
fabrication, and (v) machining.
Philip A. Dougall, Managing Director, Sun European Partners, LLP,
stated, "Our affiliate, Sun Capital, is delighted to support Manoir's
management team and dedicated employees in building on their efforts
in strengthening the Company's value proposition in its niche industry
segments."
Gilles Roland, CEO, Manoir Industries, added, "We are pleased to
form a partnership with an affiliate of Sun Capital which will allow
Manoir Industries to focus on operational improvements and strategic
growth as we pursue new levels of product quality and customer
service."
About Sun European Partners, LLP
Sun European Partners, LLP is the European advisor to Sun Capital
Partners, Inc., a leading U.S.-based investment firm focused on
leveraged buyouts, equity, debt, and other investments in
market-leading companies that can benefit from its in-house operating
professionals and experience. Sun Capital affiliates have invested in
and managed more than 140 companies worldwide since Sun Capital's
inception in 1995, with combined sales in excess of $33.0 billion. Sun
Capital has offices in Boca Raton, Los Angeles, and New York, and
affiliates with offices in Tokyo, London, and Shenzhen, China. For
more information, please visit www.SunEuropeanPartners.com