For years, Deurowood has been considered one of the world's leading

suppliers of additives for the paper impregnation industry and special
expertise in the application field of engineered wood. In the future,
Deurowood will be integrated into the FCS Group. This offers the
opportunity to build on its previous success and to develop further in
cooperation with FCS. After the takeover by FCS, the responsible
management of Deurowood continues to be in charge of the operative
management. The company headquarters will remain in Hard, Vorarlberg.

Deurowood, founded in 2003, is a leading global supplier of additives
 for the global paper impregnation industry and provides special
expertise in the application field of engineered wood. Companies
worldwide appreciate the service attitude, know how, comprehensive
product range and the readiness to always aim for tailor-made solutions.

FCS, headquartered in Munich, develops, manufactures and markets
chemical specialities and is one of the world's leading suppliers of
special lubricants, release agents and products for chemical surface
technology, ranging from chemotechnical products for maintenance and
repair to solutions for the refinement of confectionery and other food
products. With the acquisition of Deurowood, FCS continues its
acquisition strategy and expands its existing business with the paper
and wood-based materials industry.

PINOVA Capital is an independent investment company that invests in
fast-growing technology companies in German-speaking countries.

On the seller side, the successful transaction was advised by KWM and
 DORDA. At KWM, Markus Herz (Partner), as responsible for the legal
advice together with Lorenz Liebsch (Associate) and Simon Brandt (PSL)
(all Corporate/M&A). The DORDA team was led by Bernhard Rieder (Partner) and supported by Lukas Herrmann (attorney at law). Bernhard Rieder is pleased about the closing of the transaction: "Having
 already advised the current sellers on their initial investment into
the Deurowood Group, it was great to see how the company has developed
over the past years. We are even more pleased that we were able to
advise once again on the current exit."