Nonwovens producer Lantor has been purchased by Cathay Investments. The company develops, manufactures and markets nonwovens for industrial applications at a production facility in Veenendaal, The Netherlands and a subsidiary in Haibach, Germany. Lantor’s intermediate goods are used in products ranging from communication and energy cables to fiber enhanced plastics (composites) like wind turbines and yachts, as well as labels for the fashion industry.

Previous owner Active Capital Company (ACC) is selling Lantor after less than two years. During this time, Lantor has grown quickly – both in the Netherlands and abroad. Managing Director Daan Koppen says, “We are very happy that Active Capital Company was our partner and shareholder. We are looking forward to further build on the strategy that was set out under them, but now as part of Cathay Investments (Cathay), maintaining a separate identity within Cathay. In Cathay we have a long-term shareholder that knows the industry, is better able to help Lantor execute the chosen strategy and will assist with the development of future plans.”

Koppen as well as fellow management team member and part shareholder of Lantor, Martin den Ottolander are also reinvesting in Lantor.

Ben Chaing, CEO of Cathay describes the acquisition as “further evidence of Cathay’s commitment to develop a fully integrated group in order to provide  customers with the best possible service in an increasingly competitive market place.”

Croydon, U.K.-based Cathay Investments owns several companies in the chemical and distribution industries including Euroresins, a Europe wide distributor of resin, glass fibre and other products for the composites industry; Amethyst Group, a UK 3rd party logistics and warehousing provider; and Perkins Group Services, a distributor of toys and stationery.