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Expansion of services business
€6.4mn
Equity investment
USD216mn
Revenues 2020/2021
976
Employees 2020/2021

KEY FACTS AT A GLANCE

  • Continued internationalisation and expansion of product portfolio by integration of add-on acquisitions
  • Build-up of decentralised service centres in Europe and USA via acquisitions and organic growth
  • Significant investment in the modernisation of production facilities worldwide

PFAUDLER

Investment by
DBAG Fund VI

€6.4MN

DBAG'S INTEREST

€1.2MN

MANAGEMENT BUYOUT
First invested

DECEMBER 2014

REVENUES in US$mn

 

281

 

2018/2019

 

249

 

2019/2020

 

216

 

2020/2021

As of 30 June 2021

30

PER CENT

of the global market volume accounts for Pfaudler

With Pfaudler, we have invested in a quality supplier in a global niche market. The prospect of growing investment in capital goods and the strong after-market business speak in favour of the investment.

TOM ALZIN
MEMBER OF THE BOARD OF MANAGEMENT

PROFILE

The companies in the Pfaudler Group provide anti-corrosive solution for customers in the chemical and pharmaceutical industries with a global footprint. Main product offerings are glass-lined vessels and other glass-lined components, spare parts and repair services as well as planning and constructing complete production facilities. Pfaudler is one of the few manufacturers that can develop and produce process-critical equipment that is compliant with the high quality standards for glass linings, based on its own knowledge and experience. The vessels and components are used as reactors for chemical processes and as storage tanks, columns and piping in chemical facilities. Its many years of experience in preparing the frit for glass lining and, not least, its employees’ expertise give the company a competitive edge, as key steps of the process are performed manually. At the same time, these advantages create high market entry barriers for potential competitors. Pfaudler accounts for some 30 per cent of the market volume worldwide.

POTENTIAL FOR DEVELOPMENT

Pfaudler is a high-quality supplier in a global niche market. It has supplied countless components over the past decades, providing it with a solid foundation for its services and spare parts business. Furthermore, the continued internationalisation and expansion of its product portfolio should contribute to its organic as well as anorganic growth.

FINANCIAL YEAR 2018/2019

Pfaudler’s revenues and earnings are expected to slightly exceed the previous year’s figures in the 2018/2019 financial year. In July 2019, Pfaudler successfully disposed the business unit of chemical process technology, Julius Montz GmbH, to the US conglomerate Koch Industries.

OUTLOOK AND OBJECTIVES

With the significant investment in the modernisation of the European and Chinese production footprint, Pfaudler is well set for realising the good order backlog for the upcoming year. Given the increasing services and spare parts business, the management targets further topline and earnings growth.

Responsible team member

Tom Alzin
Tom Alzin

Member of the Board of Management

Tom Alzin
Ressorts:
Investment Business, Market Development Italy, Long-Term Investments

Tom Alzin

Member of the Board of Management

Born in 1980, Member of the Board of Management since March 2021; appointed until end of February 2026.

Tom Alzin joined Deutsche Beteiligungs AG in 2004 and became a Managing Director in 2011. He has 16 years of experience in the private equity business.

Tom Alzin holds a degree in Business Administration from the HEC Lausanne, and also studied at the London School of Economics and Political Science.

Tom Alzin

Member of the Board of Management