Majority takeover by Adcuram
The industrial holding company Adcuram Group AG in Munich acquires a 90% stake in the Vitrulan Group as part of a succession plan. A purchase agreement to this effect is signed by the shareholders on the 7 October 2016. The previous majority shareholder Hans Peter Cordts continues to lead the Vitrulan Group as Managing Director and retains a 10 percent stake in the operating companies Vitrulan Textile Glass GmbH in Marktschorgast and Vitrulan Technical Textiles GmbH in Haselbach.