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Lenzing unit buys German fibre producer Dolan
14
Jan '08
As of 31 December 2007 Dolan GmbH, a producer of specialty fibers based in Kelheim (Germany), became a full subsidiary of Lenzing Plastics.

The acquired company generated sales of about EUR 25 mill. in 2007 and employs a staff of about 100. Dolan had previously been a full subsidiary of fiber producing company Kelheim Fibres GmbH, where Lenzing holds a 35% share.

Dolan produces a range of applications based on acrylic fibers for outdoor products, in particular high quality textile home architecture (sunshades, small sunsails, cover fabrics for outdoor furniture and tops for convertibles and boats).

Fibers by Dolan are highly photostatic and weather-proof, as well as highly resistant to wear and decomposition. Dolan, moreover, produces fibers for technical applications, such as waste gas filtration systems and reinforcements for friction linings and construction materials under the brand name Dolanit.

"The acquisition of Dolan is the consistent continuation of Lenzing Plastics' dynamic expansion. Dolan perfectly complements the product portfolio of Lenzing Plastics, especially in outdoor products and filtration technology" says Thomas Fahnemann, chairman of Lenzing's management board, "within the course of a single year Lenzing Plastics has entered a new industrial dimension by acquisitions and greenfield projects – offering a future-oriented product portfolio in attractive niche markets".

Under its new ownership Dolan will increase its investment in sales and marketing, as well as in the development of its product portfolio, utilizing the considerable potential for synergy with Lenzing Plastics.

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