tesa SE parts company with tesa Bandfix AG in Switzerland
tesa SE is parting company with its Switzerland-based business, which focuses on self-adhesive decorative and design labels as well as labeling technology and is selling tesa Bandfix AG (155 employees) in Bergdietikon near Zurich. The new owner is palero capital.
The existing subsidiary, tesa tape Schweiz AG, with 31 employees, will continue to concentrate on selling the tesa product range (industrial and consumer) in the region. “This step is part of the consistent orientation towards our focus business areas. The production and marketing of design labels is not one of our core competencies. We are delighted to have found an investor with a long-term focus as a buyer in the shape of palero capital, a company that will provide the label printing works with the opportunity to further develop its business in a sustainable manner,” explains Thomas Schlegel, CEO of tesa SE. Both parties have agreed not to disclose the purchase price.
tesa Bandfix AG was founded in 1954 under the name Bandfix AG. In 1965 the company became the sole representative for the sale of the technical adhesive tapes and devices produced by Beiersdorf within Switzerland. In 1983 Beiersdorf AG acquired 50 percent of the capital stock, with Bandfix becoming a fully owned Beiersdorf subsidiary in 1988. When tesa became an independent joint-stock company within the Beiersdorf Group in 2001, Bandfix became a tesa subsidiary.
About tesa SE
tesa SE is one of the world’s leading manufacturers of technical adhesive tapes and self-adhesive system solutions (more than 7,000 products) for industrial and trade customers as well as end consumers. tesa SE (3,800 employees) has been a fully owned subsidiary of Beiersdorf AG since 2001. Almost 80 percent of tesa’s turnover (2011: 947 million euros) comes from applications for different industrial sectors such as automotive and electronics (e.g. mobile telephones, laptops), printing and paper, as well as security concepts for effective brand and product protection. tesa has also recently started developing plasters containing medication as a partner for the pharmaceutical industry. Around 20 per cent of tesa’s turnover is earned from the consumer area. 300 products for end consumers make work at home and in the office easier.
About palero capital
Behind palero capital, headquartered in Munich, stands a select circle of institutional investors. The management team has 40 years’ experience, focuses on the development of companies, and in doing so, follows a sustainable operational approach. The focuses of its activity lie in the region of Germany, Austria and Switzerland as well as in Great Britain. palero capital is a signatory of the Principles for Responsible Investments, an initiative in cooperation with the United Nations.