VTC Group Takes 70 Percent Stake in S+S Separation and Sorting Technology

VTC Group, a Munich, Germany-based private equity firm, has acquired a 70 percent stake in S+S Separation and Sorting Technology GmbH, headquartered in Schönberg, Germany. The former owners of S+S are Paul Dittrich, Franz Greipl, Helmuth Frisch and Karl Eibl.

In announcing the sale of a majority stake in the company, S+S, a manufacturer and developer of inspection, separation and sorting systems for the recycling industry, notes that the company is ideally positioned for the future. VTC took over majority ownership of the company on Jan. 1, 2011.

Eibl and Frisch, two of the former owners, will continue in their roles as executive managers of S+S and further develop the company in concert with the new partner.

Frisch says that the deal is part of a new phase in the company's development. “For S+S, the integration into the new group not only forms the basis for corporate progression, but creates a springboard for further growth and provides the investment that such growth requires both in Germany and worldwide.”