With the acquisition of Sodexo SCS (rebranded to VielfaltMenü) from Sodexo Group, we added a new platform to our Goods & Services vertical and entered the community catering market. VielfaltMenü with over 1.000 employees at 35 locations generates revenues of approx. EUR 65m p.a. We see substantial growth potential for VielfaltMenü through market consolidation and plan several add-on acquisitions in community catering in Germany and abroad over the next years.

United Salon Technologies (UST) is another platform investment for our Goods & Services segment, which we acquired from Wilh. Werhahn KG. UST produces and markets professional hairdressing equipment such as scissors, knives, brushes, etc. worldwide. With around 150 employees UST generates revenues of approx. EUR 25m p.a. Many ideas to further grow and improve UST are yet on their way and we target bolt-on acquisitions especially outside of Germany.

Trassl Polymers Solutions is a good example of how we strengthen our companies through strategic add-on acquisitions, as for this case in multiple dimensions: The complementary product portfolio allows for economies of scale and scope and the in-house tool shop is an asset to all our packaging companies. Next to further consolidating the European plastics packaging market through M&A we especially seek manufacturing presence in the US market and actively search for suitable targets.

All three acquisitions again underpin our reputation as proven and reliable partner of large corporates and family owners for the sustainable continuation of their businesses.
The Q2 2022 pipeline is well filled, and our acquisition goals remain ambitious. We are ultimately aiming to acquire three to four companies per year and have started team expansion this year to achieve this.