mutares AG sells Ledertech GmbH

mutares AG, Munich, sold its portfolio company Ledertech GmbH by a management buy-in to Mr. Gheoghe Chelu. Ledertech, based in Bopfingen (Germany), is a leading provider of leatherboard material for the global shoe and leather goods industry. In its plant in Bopfingen Ledertech occupies 50 employees.

Mr. Chelu intends to continue and further develop the business of Ledertech with its current portfolio of products and customers.