MBB SE Appoints Constantin Mang as CEO, Effective 1 July 2021
May 10, 2021 at 01:59 am EDT
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The Board of MBB SE has resolved to make changes to the Executive Management and the Board with effect from 1 July 2021 as the contracts of the Executive Management are due to expire on 30 June 2021. Dr. Constantin Mang will become the new CEO of MBB SE. Constantin Mang has been part of the MBB management since 2014 and has been responsible for M&A and Investor Relations as the company's CIO since 2018. In this function, he played a key role in the acquisition of Friedrich Vorwerk and Bohlen & Doyen, as well as the subsequent IPO of these companies. As CEO, he will also be responsible for Finance.
MBB SE, formerly MBB Industries AG, is a German-based private equity firm specializing in acquisitions of established medium-sized industrial companies. The Company makes investments in entities seeking to sell off a part of their business or the entire operation, perhaps as part of a succession process; selling a subdivision or an affiliated entity that no longer forms part of the organization's core business, and seeking for a management buyout or buy-in. It targets investments in firms with turnovers of 10 million euros and above. Its portfolio consists of Aumann AG, specializing in e-mobility, coil winding and automation, CT Formpolster GmbH, a producer of flexible polyurethane foams, Delignit AG, a supplier of ecological hardwood-based materials, DTS IT AG, a cloud computing and cyber security provider, Hanke Tissue Spolka Z O.O., a producer of tissue paper, and OBO-Werke GmbH, a supplier of products for model construction, toolmaking and mould production, among others.
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