Rhenoflex
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Rhenoflex - overview
Established
1952
Location
Ludwigshafen, -, Germany
Primary Industry
Materials
About
Rhenoflex is a specialist in the development of advanced footwear components, providing innovative solutions that enhance comfort and performance for a diverse range of users, including athletes and consumers seeking personalized footwear. Rhenoflex, founded in 1952, is based in Ludwigshafen, Germany, and focuses on developing footwear components. The company has undergone strategic changes to enhance its market presence. In August 2022, Rhenoflex was acquired by Coats Group Plc for EUR 115 million, marking a significant pivot in its business strategy.
Frank Böttcher serves as the CEO. Rhenoflex has completed a total of 2 deals to date, with the most recent deal occurring in August 2022. Rhenoflex specializes in advanced footwear solutions that improve user experience and performance. Its offerings include innovative shoe design technology tailored to individual needs, enhancing comfort and fit for various activities.
Their products cater to athletes, outdoor enthusiasts, and consumers looking for high-quality, custom footwear, primarily marketed in North America and Europe. In 2021, Rhenoflex reported a revenue of GBP 77,036,867. 50 and an EBITDA of GBP 7,756,346. 50, primarily generated through direct-to-consumer sales and partnerships with retailers.
The company utilizes a tiered pricing model for its products, allowing for extensive customization and enhancing market reach through selected retail partnerships. The acquisition by Coats Group Plc will enable Rhenoflex to strengthen its global platform in footwear components and enhance its position with global footwear brands. While specific new product launches or geographic expansions were not mentioned, the recent acquisition aims to leverage Rhenoflex's capabilities and market presence to capture growth opportunities in the footwear industry.
Current Investors
Findos Investor
Primary Industry
Materials
Sub Industries
Clothing, Footwear, Advanced Materials
Website
https://www.rhenoflex.de
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Rhenoflex - timeline of key events
Rhenoflex - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 51,233,354.1 | 59,691,244.6 | 63,411,045.5 | 62,551,598.2 | 67,209,599.1 | 55,159,319.7 | 65,120,267.9 | - | - | - |
| % Revenue Growth (YoY) | - | 16.5% | 6.2% | (1.4%) | 7.4% | (17.9%) | 18.1% | - | - | - |
| EBITDA (USD) | 8,105,852.5 | 13,475,389.1 | 13,132,393.9 | 11,651,594.2 | 11,441,372.3 | 9,300,579 | 6,556,540.8 | - | - | - |
| Operating Income (USD) | 4,539,852.5 | 9,393,708.6 | 8,146,440 | 6,527,399.7 | 6,105,326 | 3,902,464.2 | 811,162.4 | - | - | - |
| Operating Margin | 8.9% | 15.7% | 12.8% | 10.4% | 9.1% | 7.1% | 1.2% | - | - | - |
| % EBITDA Margin | 15.8% | 22.6% | 20.7% | 18.6% | 17.0% | 16.9% | 10.1% | - | - | - |
| NET Income (USD) | 756,690.1 | 2,688,601.3 | 825,078.2 | 1,524,191.4 | 1,808,631.9 | 1,238,893.4 | (1,868,064) | - | - | - |
| % Net Margin | 1.5% | 4.5% | 1.3% | 2.4% | 2.7% | 2.2% | (2.9%) | - | - | - |
Rhenoflex - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Rhenoflex | - | ||||||||
| Buyout | Completed | Rhenoflex | - |
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Rhenoflex - employee data
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