German films group announces reorganisation of the shareholder structure

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Photo by RKW Multi-layer extrusion line at RKW Castelletta

JM Holding, parent company of German films and sheets manufacturers Renolit and RKW SE, has announced a planned change of shareholder structure. 

In a 6 Sept statement, the Worms, Germany-based company said discussions were being held among shareholders regarding a reorganisation of the company shares.  

The aim, it said, was to establish “a stable long-term ownership structure in order to further develop the group in a growth-oriented manner.” 

The company did not provide further details.

The announcement came in response to media reports suggesting that some of the company shareholders had approached possible investors for the potential sale of “about half of the firm”.

On 5 Sept, Bloomberg cited “people with knowledge of the matter” as saying that the potential deal was under consideration by “some of the owners”, who have reached out to several private equity firms, including Cerberus Capital Management and Apollo Global Management.

JM Holding has declined to respond to PNE’s request for comments. 

According to Bloomberg the transaction may value the entire investment firm, including its debt, at about €2.5bn. 

Based in Worms, Renolit is a leading manufacturer of plastic films and sheets. RKW Group is headquartered in Frankenthal, Germany, and manufactures films and packaging materials.

Both companies were founded by Jakob Mueller, whose businesses are now organised into three independent firms with a single holding company - JM Holding.

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