An Affiliate of Sun Capital Partners, Inc. Sells Hunnebeck Group GmbH
December 05 2005 - 10:36AM
PR Newswire (US)
BOCA RATON, Fla., Dec. 5 /PRNewswire/ -- Sun Capital Partners,
Inc., a private investment firm specializing in leveraged buyouts
and investments in market-leading companies, today announced that
one of its affiliated portfolio companies, Hunnebeck Group GmbH,
("Hunnebeck"), has been sold for 140 million euro in cash to Harsco
Corporation (NYSE:HSC), which is a leading international provider
of industrial services and products. Hunnebeck, headquartered in
Dusseldorf, Germany, is a leading provider of highly-engineered
formwork and scaffolding equipment, which it sells and rents
directly to customers and through third party distributors.
Hunnebeck has operations in 11 European countries and exports its
products around the world. Marc J. Leder, Co-CEO of Sun Capital
Partners, Inc., said, "We would like to thank the Hunnebeck
management team for the great contribution that they have made to
the success of our leveraged buyout funds and wish them every
success with Harsco Corporation." About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm
focused on leveraged buyouts, equity, debt, and other investments
in market-leading companies that can benefit from its in-house
operating professionals and experience. Sun Capital affiliates have
invested in and managed more than 100 companies worldwide since Sun
Capital's inception in 1995, with combined sales in excess of $22.0
billion. Sun Capital has offices in Boca Raton, Los Angeles, New
York, and London. About Harsco Corporation Harsco Corporation
(NYSE:HSC) is a diversified, worldwide industrial services and
products company with annual sales in excess of $2.5 billion. The
Company's four market-leading business groups provide mill
services, access services, engineered products and services, and
gas containment and control technologies to customers worldwide.
With the Hunnebeck acquisition, Harsco's worldwide employment now
totals more than 19,000 people in over 45 countries of operation.
Additional information about Harsco can be found at
http://www.harsco.com/ . DATASOURCE: Sun Capital Partners, Inc.
CONTACT: Sun Capital Partners, Inc., +1-561-394-0550 Web site:
http://www.suncappart.com/ http://www.harsco.com/
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