Cordenka GmbH & Co. KG

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Cordenka GmbH & Co. KG - overview

Established

1938

Location

Obernburg am Main, -, Germany

Primary Industry

Materials

About

Cordenka GmbH & Co. KG, based in Germany, specializes in manufacturing bio-based premium rayon fibers, focusing on high-performance technical viscose yarns suited for diverse industrial applications. Cordenka GmbH & Co. KG, founded in 1938 in Obernburg am Main, Germany, is a manufacturer of bio-based rayon fibers.


In November 2018, the company underwent a Secondary Buyout when BMC Europe acquired it for EUR 240 million from Chequers Capital. The company has participated in a total of 4 deals, with its most recent deal occurring in November 2018. Udo Kuhlmann is the current CEO. Cordenka manufactures bio-based premium rayon fibers, particularly technical viscose yarns designed for applications in composite materials and tire reinforcement.


Their products cater to the automotive, agriculture, and construction industries, focusing on sustainability by using renewable cellulose sources. Cordenka's rayon fibers are essential for enhancing the performance and durability of various end products, serving a global clientele across Europe, North America, and Asia. Cordenka reported a revenue of EUR 191,751,500 in its most recent fiscal year, 2010. The company operates on a B2B model, partnering with manufacturers in sectors such as automotive and agriculture.


Cordenka’s revenue model is based on high-quality materials, including their ISCC+ certified rayon, which supports long-term supply agreements. Cordenka plans to leverage its recent funding from the EUR 240 million Secondary Buyout in November 2018 to expand its product offerings and market presence. The company is focusing on designing new technical rayon products aimed at enhancing performance in demanding applications. Cordenka is also targeting growth in international markets, with specific plans for expansion in North America and Asia by 2025.


Current Investors

BMC Europe

Primary Industry

Materials

Sub Industries

Commodity Chemicals, Textiles

Website

www.cordenka.com

Verticals

Manufacturing

Company Stage

Mature

Total Amount Raised

Subscriber access only

Cordenka GmbH & Co. KG - financials

Fiscal Year EndedDec 31, 2010
Revenue (USD)-
% Revenue Growth (YoY)-
EBITDA (USD)-
Operating Income (USD)-
Operating Margin-
% EBITDA Margin-
NET Income (USD)-
% Net Margin-

Cordenka GmbH & Co. KG - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutCompletedCordenka GmbH & Co. KG-
RecapitalisationCompletedCordenka GmbH & Co. KG-
RecapitalisationCompletedCordenka GmbH & Co. KG-
Secondary BuyoutCompletedCordenka GmbH & Co. KG-

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Cordenka GmbH & Co. KG - employee data

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