CORDET has provided an additional loan to Flabeg Automotive Holding GmbH (“Flabeg”), a portfolio company of Sun Capital Partners. The purpose of the additional financing package was to provide expansion capital for a new production facility to enable Flabeg to meet the significantly larger than anticipated production demand from one of it’s main customers.
CORDET provided the first loan to Flabeg in November 2016.
Founded in 1882, Flabeg is one of the world’s leading suppliers of automotive mirror glass products currently employing 1,387 FTE. It produces mirrors and interior glass features for all major OEM’s.