Annual Report
2013/2014
DRIVING
EXPANSION.
ENSURING
CONTINUITY.
MAKING STRONG
COMPANIES STRONGER.

Heytex Bramsche GmbH

Heytex Bramsche

PRODUCER OF TECHNICAL TEXTILES

Heytex Bramsche GmbH produces laminated and coated technical textiles as well as textile print media. The latter are used in the advertising industry and for exhibition booth designs, for example, as banners on facades or as translucent advertising media. In this core business, Heytex is the technological and European market leader with a broad product range and is widely known as a brand. Technical textiles stand out due to their unique functions: they can be flame retardant, water-resistant or scratchproof. They are used as truck tarpaulins, tents or sports arena roofs, but also as oil barriers, for example, in open stretches of water, as well as conveyor belts.

Thanks to Heytex’ broad product portfolio, the company is less dependent on the economic climate in certain end-user industries and even on individual customers. This also sets the company apart from the competition. A further aspect that convinced us to invest in Heytex is its ability to make technologically sophisticated products that are sought after in the industry profitably, even in small batches.

POTENTIAL FOR DEVELOPMENT

When we entered into the investment, the aim was to expand the company’s sales activities significantly. The focus was on increasing its international reach. Heytex intends to grow its market share in technical textiles by taking advantage of the highly fragmented market to boost its growth disproportionally with high-quality products. By introducing measures to improve its operations, it intends to be more profitable.

Since entering into the investment, Heytex has realigned its sales organisation; in doing so, it emerged that its backlog demand was greater than expected. In Italy, France and Spain, the company now has its own sales organisation and has restructured its plant in China. At the company’s two sites in Germany, measures to improve operations are already well underway. The company has also managed to reduce its debt considerably.

2014 FINANCIAL YEAR

In almost all product groups, revenues were up on the previous year – proving that the changes in the sales division have taken effect. Due to general market restraint in Europe, delivery bottlenecks for certain raw materials and initial problems in the production of a new product range, the company was not able to meet all of its budget targets.

OUTLOOK AND OBJECTIVES

Heytex plans to continue implementing its defined corporate strategy consistently in 2015. This includes further expanding the sales force, developing innovative product solutions and optimising production worldwide. To this end, Heytex intends to strengthen the organisation in selected areas. In addition, to reduce its general dependence on the European market, it will focus above all on growth in the US market. The acquisition of an American company with a similar product portfolio completed at the end of 2014 provides a sound basis for this.

€ 6.4mn

INVESTMENT OF DBAG

68.0%

SHARE OF DBAG FUND V

MBO

TYPE OF INVESTMENT

16.4%

SHARE OF DBAG

DECEMBER 2012

INITIAL INVESTMENT

305

EMPLOYEES

REVENUES in €mnRevenues Heytex Bramsche GmbH

Bramsche (Germany) / www.heytex.com