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Lapp Insulators Continues Growth after Management Buyout

Lapp Insulators/DE, designer, manufacturer and supplier of high voltage electric insulators for the energy infrastructure industry, has its sights set on further expansion into international markets,

as the company announced that Quadriga Capital/DE and its management team have entered into a definitive agreement to acquire all shares of the company from Andlinger & Company, Inc., the US and European investment and management company. The transaction is subject to the approval of antitrust offices; terms of the agreement were not disclosed. Lapp Insulators, with sales exceeding EUR 130 million, 1100 employees and production sites in Germany, USA, Poland, Romania and China, is a leading global player in the market for high performance insulators and serves customers in more than 70 countries by providing premium quality porcelain insulators as well as composite insulators. The products are used in high voltage power transmission lines, power plants and power substations as well as in the rail road power grid. Quadriga Capital is an established investment firm that specializes in helping medium-sized companies pursue long-term transformation and growth strategies; its portfolio of companies include Ipsen, the manufacturer of industrial furnaces for surface treatment (8/2011).

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