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Completion Date for Lanex & Singing Rock Merger

Posted Fri, 19/06/2009 - 20:13

In 2008 Arx Equity Partners acquired commercial textile manufacturer Lanex a.s., and Singing Rock s.r.o. Now the companies are near completion of a merger that also includes BWA Czech a.s.; the conclusion of which will come when the new corporation is added to the Commercial Register on June 1st. Lanex a.s. will be the operating name of the new company while Singing Rock will continue development, marketing, and manufacture of its products under the current brand name. Structurally, Singing Rock will operate as a strategic business unit of Lanex.

Arx views the merger as a way to increase the potential of Lanex in the global marketplace and expand its market share worldwide.

Lanex a.s. (www.lanex.cz)
Lanex is the largest producers of technical textile products in the Czech Republic. Products include (1) dynamic and static ropes, (2) personal protective equipment, (3) lifting slings and lashings, (4) bulk bags, (5) marine and industrial ropes, (6) yachting ropes and (7) paper carrier ropes.

In 2007 the Company had sales of approximately € 28 million. More than 80% of sales were exported to more than 50 countries, whereas the majority was exported to European Union countries.

Singing Rock s.r.o. (www.singingrock.com)
Singing Rock was established in 1992 and produces personal protective equipment, mainly fully body harness, sit harnesses, mountaineering equipment, mountaineering and static ropes as well as training and servicing activities for the segment of work at height and personal protection.

Annual sales of the company were CZK 130 million in 2007.

Arx Equity Partners (www.arxequity.com)
Arx Equity Partners is a Private Equity Fund established in 1996. The fund focuses on investments in Central and Eastern European countries, with presence in the Czech Republic, Hungary, Poland and Romania. The Company also considers investments in Bulgaria, Croatia, Estonia, Latvia, Lithuania, Serbia, Slovakia and Slovenia.

Arx Equity focuses on equity investments of € 3-15 million per transaction.