Dallas-based Lone Star Funds, a
global equity fund that focuses on distressed investments, has taken over the business activities
of Germany-based textile machinery manufacturer Moenus Textilmaschinen GmbH, including the company’s
German business sites in Gera, Mönchengladbach and Hamburg, and its Olomouc site in the Czech
Republic.
The January 2 takeover of the sites, which employ approximately 400 employees, occurred to
put the company in a better financial position, Moenus reports. The company expects the move will
revitalize its growth and strengthen its market position.
February 7, 2006
