Frankfurt am Main, August 17th, 2011

 
The Phönix / Strack Group, a leading German manufacturer of high performance valves for various industries, has acquired the Hanover-based company Daume Regelarmaturen GmbH from family Daume. The Phönix / Strack Group is headquartered in Volkmarsen  and will be able to extend its product range and may now offer customized control valve solutions to its clients. Concerning the purchase price, the parties concluded a non-disclosure agreement. Last year, AXA Private Equity acquired the majority shares of Phönix / Strack.
 
The Daume Regelarmaturen GmbH develops and manufactures valves for the energy sector and for the process control, such as for the chemical industry and the processes in the unit technology, petroleum processing, pharmaceuticals and steel industry. By the acquisition of Daume Regelarmaturen GmbH, Phönix / Strack extends its product portfolio by adding control valves, which can now be distributed worldwide through the network of the Phönix / Strack Group.
 
Lothar Fichtner, CEO of Phönix / Strack Group, said: "Through this acquisition, Phönix / Strack gains access to the segment of control valves and is now able to offer a wider product range to its clients. I am convinced that we can help the renowned manufacturer Daume Regelarmaturen GmbH to achieve a greater success by usage of our global distribution and supplier network. "In the transaction, Lothar Fichtner was supported by Dirk Wittneben and Marc Abadir of AXA Private Equity.

Quelle: AXA Private Equity - Press release "Phönix/Strack Group acquires Daume Regelarmaturen GmbH by support of AXA Private Equity" (Extract)