PRINT THIS PAGE CVC sells German sausage casings firm Kalle to Montagu Private Equity12/07/2004. Source: AltAssets. 
 Pan-European buy-out firm CVC has sold Kalle, a German sausage casings manufacturer to Montagu Private Equity to mark its fifth exit of the year. A sale price was not disclosed.
Steven Koltes, Managing Partner at CVC in Frankfurt said: 'Kalle has been a very successful investment for CVC. Walter Niederstätter and his team have quite impressively managed to increase sales and earnings steadily over the past years and to integrate two add-on acquisitions.'
CVC is understood to have paid around E190 for the business when it was bought from Hoechst in 1997.
Nigel Hammond, Head of European Investment and David Farley, Director at Montagu Private Equity explained their firm's interest in the business saying: 'Over the last few years the business has reinforced its strong market position through attention to quality and to an innovative approach to providing value added products to its customers.
'Through its core competencies market orientation, innovative thinking and leading edge technology, the business is poised to benefit from the penetration of new markets but also by extending the geographic reach of the business.'
CVC has already exited BSN Glasspack, Halfords, Trench Electric, and Novem this year. The firm is expected to begin marketing a new multi-billion buy-out fund this year or early next year.
The acquisition of Kalle is the second for Montagu this month, having recently bought German manufacturer Stabilus from KKR.
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