L-GAM Investments SCSp, a long-term oriented investment company, has acquired 100% of the shares of FAIST CHEMTEC HOLDING. Faist ChemTec is a global leader in specialty engineered damping materials for the control of vibration and structure borne noise, headquartered in Worms near Frankfurt, Germany. Continuing under its current leadership the business will further strengthen its focus on becoming a global solution provider in the fields of acoustic damping, sealing, insulation and stiffening for the automotive, white goods, and construction industries.
Frankfurt (Germany), April 10, 2015: L-GAM Investments SCSp has closed the acquisition of 100% of the share capital of FAIST ChemTec Holding. The existing management team will continue to lead the company into its next phase of development.
FAIST CHEMTEC (FCT) is a global market leader for specialty engineered products for acoustic damping of structure borne noise. FCT serves the automotive, white goods and construction industries, and complements its product portfolio with sealing, insulation and stiffening solutions. FCT is headquartered in Worms, Germany, and employs more than 700 people across manufacturing sites in Germany, Poland, Spain, and the U.S. Established in 1895, FAIST ChemTec looks back on a long history in the development and production of acoustic products with a track record in driving innovation. Going forward, the FCT management team aims to further globalize its manufacturing footprint in alignment with key customers’ locations, and to continue to drive innovation and FCT’s position as a solution provider in its target industries.
L-GAM is a long-term oriented investment company with capital commitments in excess of € 350 million. L-GAM was established in 2013 with the backing of the Liechtenstein Princely Family and several families from Europe, Asia and the USA. Its unique and differentiated business model is based on a long-term, industrial-like investment focus and a flexible mandate to provide investment solutions throughout the capital structure. L-GAM focuses on partnering with small and medium sized companies across Europe. Faist ChemTec represents L-GAM’s debut acquisition in Germany.