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Hamburg OTTO family invest in Sympatex Technologies GmbH

The family office of the Hamburg OTTO family has brokered new investors of Sympatex Technologies. After having successfully restructured the Smart Solutions Holding (parent company of Sympatex Technologies GmbH) at the beginning of December 2017 and having evaluated the available purchase offers, the Munich manufacturer of functional textiles will be owned by members of the OTTO family and advised by KG CURA Vermögensverwaltung.

After the former conclusion of the legal challenging period of bond restructuring, the company can now embark towards a promising future. Sympatex will still operate as an independent company. No structural or personnel changes are planned and the Sympatex company headquarters will still be located in Unterföhring near Munich.

Rüdiger Fox, CEO of Sympatex Technologies explains. “In Germany, no other name represents credibility in terms of social and ecological corporate responsibility better than the OTTO family. With our consistent alignment towards innovation for sustainable functional textiles, we cannot image a better choice. We are already looking forward to continue to enhance the relations with the growing number of customers taking their ecological responsibility and the apparent future market requirements seriously.”