MOLECOR
Spanish private equity firm takes majority stake in PVC pipe supplier
 The Spanish pipe manufacturer changed hands (Photo: Molecor) |
Spanish PVC-O technology and pipe manufacturer Molecor (Getafe / Spain; www.molecor.com) says private equity fund MCH (Madrid, Spain; www.mch.es) obtained a majority stake in the company in August 2020 by purchasing shares that have been either fully or partially divested, and it has also significantly increased the company’s capital, mainly to support future growth.
Founding partners CEO Ignacio Muñoz and CFO Jose Manuel Romero are to remain shareholders and continue in their current roles, Molecor said in a statement. “This shareholder movement should serve to grant Molecor more strength to grow and develop its full potential,” the statement said.
Founding partners CEO Ignacio Muñoz and CFO Jose Manuel Romero are to remain shareholders and continue in their current roles, Molecor said in a statement. “This shareholder movement should serve to grant Molecor more strength to grow and develop its full potential,” the statement said.
03.09.2020 Plasteurope.com [245858-0]
Published on 03.09.2020
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