# Masterplast sets up JV to acquire LHB plant in Aschersleben, Germany

Hungarian building materials maker Masterplast established a joint venture, Masterplast Nonwoven, to acquire a plant of German peer LHB in Aschersleben. Masterplast owns 50% of the JV with exclusive management rights, and the JV will start operation on July 1, 2020.

- Type: Acquisition
- Announced: 2020-06-05
- Where: Aschersleben, Germany
- Status: announced
- Products: special fleeces, multilayer membranes
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Masterplast](https://endata.com/companies/47722.md)
- [Masterplast Nonwoven](https://endata.com/companies/47724.md)
- [Masterplast](https://endata.com/companies/47722.md) (acquirer)
- [LHB](https://endata.com/companies/47723.md) (target)
- [Masterplast Nonwoven](https://endata.com/companies/47724.md) (partner)
- [Masterplast Nonwoven](https://endata.com/companies/47724.md) (target)
- [Hartmut Layer](https://endata.com/companies/47731.md) (investor)
- [Hartmut Layer](https://endata.com/companies/47731.md) (partner)
- [LHB GmbH & Co. Beschichtungs KG](https://endata.com/companies/48280.md) (target)

## Sources

- [bbj.hu](https://bbj.hu/budapest/travel/tourism/masterplast-sets-up-jv-to-acquire-german-plant/), 2020-06-06: "Annual sales of the JV, which will make special fleeces and multilayer membranes for the healthcare and construction industries 'could exceed EUR 15 million'."
- [budapester.hu](https://www.budapester.hu/unternehmen/akquisition-in-deutschland/), 2020-06-07: "Nach der Akquisition eines deutschen Werks gründete Masterplast in der vergangenen Woche die Masterplast Nonwoven GmbH mit 50% der Eigentumsanteile sowie den ausschließlichen Managementrechten, die verbleibenden 50% erwarb Hartmut Layer."
- [gruendelpartner.de](https://gruendelpartner.de/news/details/masterplast-gruppe-erwirbt-produktionsstaette-der-lhb-gmbh-co-beschichtungs-kg-in-aschersleben), 2020-07-01: "Mit dem Erwerb der Produktionsstätte in Deutschland – dem neunten ausländischen Standort – eröffnet sich damit für Masterplast eine neue Dimension."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.