NEW OWNER FOR VCST ST. TROND

[BIZ: St. Trond, December 12]
VCST Industrial Products, a supplier of automotive parts, has been taken over by the French-German Alpha Fund and the investment company HarbourVest Partners. Both companies took over the majority of shares from Fox Paine, a San Francisco based investor. Management will remain in place and will retain a minority shareholding.

VCST has six production locations in St. Trond in Germany, the United States, and Mexico. The group achieved revenues of EUR 155m this year and last year achieved net profits of EUR 11m.
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