Clearwater International advises Prettl Group on acquisition of GERDES
Clearwater International acted as sole financial adviser to Prettl Group on the acquisition of GERDES Kunststoff-Technik GmbH & Co. KG (“GERDES").
GERDES was founded in 1959 in Extertal, Germany, and is a supplier of plastic injection moulding products to various industries such as automotive, white goods, power tools, etc. The company operates two manufacturing facilities in Extertal (Germany) and Poznan (Poland), with approximately 350 employees.
The Prettl Group operates through the four business divisions Automotive, Electronics, Energy and Consumer. The Group has more than 7,200 employees at 33 locations in 19 countries and generates sales of approximately €1bn.
With this acquisition, Prettl is strengthening its geographical presence in Poland and its operations in the global plastic injection moulding market, especially for white goods. Prettl is expecting to generate significant synergies through the combination of the respective product and service offerings, and by leveraging its existing global platform.