IDI: takes majority stake in Exsto
(CercleFinance.com) - Private equity firm IDI has announced the acquisition of a majority stake in Exsto, a French specialist in high-performance molded and/or machined elastomer solutions for critical applications, as part of an LBO.
Based in Romans-sur-Isère, France, Exsto supports its customers across the entire value chain. With 2023 sales of E69m, it employs nearly 360 people at six production sites in France, Italy and Brazil.
With the support of the IDI, its management intends to accelerate the group's development, both organically (market share gains through the development of new solutions and increasing penetration of the materials used) and through acquisitions.
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