Livingstone advised VDT Vakuumdichttechnik GmbH on divestment to Maldaner GmbH

  • Mar 2022
  • Industrial
  • M&A: Sell-Side
  • Germany

Livingstone advised VDT Vakuumdichttechnik GmbH (“VDT” or “The Company”) on the divestment of the main operational parts of the company as part of an asset deal to Maldaner GmbH (“Maldaner”), a German subsidiary of the British company Ultraseal International, a leading global provider of impregnation services and resins for sealing porous materials. Ultraseal International is a subsidiary of the US chemical group Quaker Houghton, a world leader in industrial process fluids. Livingstone was the exclusive M&A advisor to VDT. Terms of the transaction are undisclosed.

Based in Monheim am Rhein, VDT is a developer and manufacturer of impregnation resins for porous metal parts and other non-metallic components. The Company is active in resin development and international trading in resins, as well as contract impregnation. The impregnation resins developed in-house are mainly used for processing, for example, die-cast parts, pipe connections, or other sintered parts in a wide range of industries, especially in the automotive industry.

Maldaner GmbH, based in Langenfeld near Düsseldorf, is a pioneer in the field of sealing and impregnating porous metallic components. With several contract impregnation companies nationwide, the company is a leading provider of contract impregnation services in Germany. In addition, Maldaner is active nationally and internationally as a distributor of impregnation resins of the IMP brand and as a designer and manufacturer of impregnation systems.

As part of an asset deal, Maldaner is acquiring the essential assets of VDT and thus the operational business, including all employees, patents, brands, and customer relationships. The existing services of VDT are to be concentrated within the next few months at Maldaner’s headquarters in neighboring Langenfeld. The managing directors of VDT will continue to advise Maldaner for a certain transitional period and accompany the integration process.

Gabriele Glücks, a shareholder of VDT, commented, “The sale of the main assets of VDT to Maldaner and the integration into Ultraseal International and the larger Quaker Houghton group is the right step for a successful future, especially for our employees and customers.”  

We are pleased we were able to successfully accompany the Glücks couple and VDT in a competitive process and believe VDT found the right partner in Maldaner, added Johannes Faber, Partner at Livingstone In Dusseldorf.

The Livingstone deal team had previously advised on the successful succession solution for Internationale Metall IMPrägnier GmbH (IMP) and the successful sale of the main assets of Maldaner GmbH to the British Norman Hay Group.

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