TowerBrook Capital Partners has acquired Schweighofer Fiber GmbH, a leading Austrian producer of viscose pulp and bioenergy, aiming to enhance its growth and market presence.

Information on the Target

TowerBrook Capital Partners L.P. has successfully acquired Schweighofer Fiber GmbH, an esteemed Austrian company renowned for its production of high-quality viscose pulp and bioenergy. The acquisition, which closed on September 12, 2017, was made from the family-owned Schweighofer Group. Headquartered in Hallein, Schweighofer Fiber employs approximately 240 personnel and generated a turnover of around 143 million Euros in 2016. It ranks among the top 250 industrial firms in Austria, demonstrating impressive profitability.

Under the leadership of Jörg Harbring, who has served as Managing Director for 13 years, Schweighofer Fiber is well-positioned for continued success. The seasoned management team will work closely with TowerBrook to maximize the company's growth potential through operational support and strategic initiatives.

Industry Overview in Austria

The Austrian manufacturing sector has historically been robust, characterized by a strong focus on high-value products and sustainability. Austria's commitment to environmental responsibility has fostered a fertile environment for c