Cordenka

Cordenka is the world’s leading producer of industrial rayon fibres for tire cord applications in ultra-high performance and run-flat tires for passenger cars. The company is the rayon supplier of choice for all leading global high-performance tire manufacturers. Cordenka commands a world-market share of more than 50% in the rayon market for tire applications.

Value creation

Chequers acquired 100% of the share capital in the company alongside its management team in 2011. Cordenka targets the high-end tire segments – ultra high performance and run-flat tires - enjoying high demand and growing substantially faster than the overall tire market. The company has the largest production capacity for rayon yarn and cord production worldwide and is also the only supplier able to offer the highest quality range of rayon yarn products, underpinning its leading market position as well as technology leadership and superior production know-how. Cordenka has been sold in November 2018 to BMC, a Chinese Private Equity investor.

Investment year
2011
Turnover at acquisition
€100-200m
Type of operation
MBO
Business sector
Asset light Industrials
Country
Germany