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November 22, 2010

Recycling Today

DSD Management Acquires DSD from KKR

The management of Duales System Deutschland has acquired the company from affiliates of Kohlberg Kravis Roberts & Co.

Stefan Schreiter, CEO of Der Grüne Punkt – Duales System Deutschland GmbH (DSD), and his management team, have purchased DSD from affiliates of Kohlberg Kravis Roberts & Co. (KKR). The acquisition is subject to antitrust approval.

Philippe von Stauffenberg, representing the investor group, will become the executive chairman of DSD’s board of directors.

DSD, with four locations in Germany, is a provider of take-back systems in the country. The system includes close-to-home collection and the recovery of packaging, recycling of used electrical and electronic equipment and transport packages, facility waste disposal service and deposit clearing.

“Together with KKR, DSD has successfully transformed itself into a private sector company and a very competitive player in the dual system market. We thank KKR for cooperating with us as partners and supporting the company during this important stage in our development. My management board colleagues and I will remain committed to ensuring continuity for our clients and employees. Together with our new partners, we are looking forward to continuing the successful development of DSD in our new role as owner-entrepreneurs,” says Stefan Schreiter, CEO of DSD

“We believe that DSD has great potential – not only in Germany. With the strong Der Grüne Punkt brand and together with the management team we will embark on a growth strategy over the next few years. As the leader in the dual system market, DSD has a strong client base, with some 18,000 environmentally aware customers.
“We want to further expand this platform in Europe and develop additional “green services” with a focus on sustainability and environmental protection for both existing and new clients. We look forward to continuing the DSD success story together with Stefan Schreiter and his outstanding team.” Solidus Partners represents and coordinates the group of private and institutional investors,” says Stauffenberg.

The parties expect to complete the transaction by the end of this year.


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