The EQMC Fund has acquired 10 percent of the shares of Grammer AG via market transactions and as such has become the largest shareholder of the company. EQMC may continue to build its stake in the company, but does not seek a control position.
EQMC is an active and longer term investor and plans to support the management of Grammer in the execution of the company’s strategy. EQMC will provide a stable core in the shareholder base of the company in support of the development of the company.
EQMC believes that Grammer AG has significant value potential as an independent company, led by its current management. The Fund will explore with Grammer the most appropriate means through which it may contribute to the company.
“We welcome the commitment of EQMC to Grammer and believe it underlines the value potential of our company,” says Bernd Blankenstein, the Chairman of the Supervisory Board of Grammer AG.
“Grammer is an impressive company, with a very strong market position and significant cash generation,” adds Andr Rogowski, the Manager of EQMC. “It has a great platform for significant growth of sales and profits in its core divisions. We look forward to working with the management”.