Headquartered in Leamington Spa, United Kingdom, Rosti Automotive is a leading Tier 1 supplier, providing full service, value-added plastic injection molded components for premium light vehicles, characterized by its longstanding blue-chip customer base. The Company's product range contains painted and un-painted exterior parts, interiors, functional black parts and other parts (e.g. metal pressings, non-automotive parts). Rosti Automotive operates four manufacturing sites in Larkhall, Pickering, Canning Brett, and Stamford Bridge (United Kingdom) and currently employs a total workforce of c. 1,200 employees. As part of the integration into the Xandor Group, Rosti Automotive will henceforth appear as Xandor Automotive.
Mr. Joachim Magnusson joined Rosti Automotive as CEO in 2017. He can look back on more than 30 years of experience within the automotive industry. Together with the incumbent local management team, he will manage the daily operations at Rosti Automotive. Mr. Magnusson previously held senior positions at the Rosti Group and various others renowned companies within the automotive industry.
Steffen Görig, CEO and founder of QCP comments: "Rosti Automotive is a leading Tier 1 supplier providing a high quality, engineered portfolio of injection molded components and sub-assemblies, characterized by its long-standing history. Together with the team, we look forward to further developing the business within the newly founded Xandor Group towards a sizeable and leading automotive supplier and to realize its full growth potential."
About QCP: QCP is a manager of funds that invests in corporate carve-outs and other special situations across Europe (the Quantum Group). The QCP operations are managed through its Munich Headquarters, as well as its offices in Milan and Madrid. Quantum Group acquires companies with significant potential for operational improvements, growth and development. As an active and responsible owner, Quantum Group works closely with local management to ensure that its subsidiaries implement a continuous development plan and growth strategy. Since its inception in 2008, the Quantum Group has acquired a variety of businesses from world-leading companies such as Robert Bosch, Stora Enso, Dürr, Airbus, Nestlé, Mahle, Tenneco, Norsk Hydro and Eaton. With 28 completed acquisitions since 2014, the Quantum Group is one of the most active investors in its sector.