Mid Europa buys moulding company

Nordic firm Procuritas Capital Investors sold moulding company DISA after more than doubling its turnover in two and a half years.

Central and Eastern European buyout firm Mid Europa Partners has bought moulding company DISA from Scandinavian firm Procuritas Capital Investors for an undisclosed sum.

The company has revenues of around €400 million ($613 million), according to Zbigniew Rekusz, a partner at Mid Europa. DISA has around 1,400 employees and it provides moulding and metal surface preparation equipment.

Procuritas bought DISA in April 2005, when it had a turnover of Dkr1.2 billion ($246 million; €161 million).

Rekusz said: “What we like about DISA is its high exposure to Asian markets.” The firm will look for synergies between DISA and portfolio company Wheelabrator, which has less exposure to Asia, he said. Mid Europa bought Wheelabrator in February 2006.

The change of ownership is subject to approval from anti-trust authorities in the first half of 2008.

Procuritas is presently marketing its fourth fund, according to its website. It has fully invested its third fund, which closed on €230 million in 2003.

Procuritas could not be immediately reached for comment.