AXA Private Equity is selling its stake in the transport packaging company KTP Kunststoff Palettentechnik (KTP) to Andreas Wintrich and a new investor. AXA Private Equity acquired a majority stake in the company, which is headquartered in Bous, in 2006.
Sales have since almost doubled, despite the economic downturn. As a result of the sale, minority shareholder Andreas Wintrich will again become the majority shareholder.
KTP develops and produces reusable transport packaging, including containers, pallets and carrier systems. KTP also offers tailored packaging solutions to its customers. The products are superior to steel rack boxes in terms of their weight and volume reduction. Customers include well-known companies in the automotive, solar, pharmaceuticals and engineering sectors.
“AXA Private Equity’s network, capital and expertise have helped KTP to build the foundations for further development,” says Andreas Wintrich, Managing Partner at KTP. “We are confident that our company has further growth potential and look forward to continuing with the new investor along the route we took with AXA Private Equity.”
Dirk Wittneben, Managing Director at AXA Private Equity, Germany, says: “The success of KTP demonstrates how we always look to support and guide companies on their growth path. We have helped KTP build on its strong position as a niche provider through product innovation and operational improvement.”