Zouk invests in va-Q-tec, a manufacturer of high performance insulation materials
London 18th November 2011
Zouk Capital LLP (Zouk) is pleased to announce its investment in va-Q-tec AG, a leading manufacturer of advanced insulation materials for use in consumer and industrial applications. Founded in 2000, the company is headquartered in Germany and has operations in the UK and South Korea. Zouks investment from its recent fund, Cleantech Europe II, will support continued development of the companys product lines and expansion into new markets.
va-Q-tec designs and produces vacuum insulation panels used in refrigeration, packaging, cold-chain logistics, construction and automotive applications. The companys patent-protected products perform up to ten times better on energy efficiency than conventional insulation materials, saving up to 80% in energy consumption. As va-Q-tecs panels are particularly light-weight, thin and flexible they are applicable in a wide variety of industries. The company also provides heat & cool storage elements containing phase change materials which enhance insulation performance. va-Q-tec has manufacturing sites in Germany as well as service and operations sites in the UK and South Korea.
Zouk Principal Christopher Hoffmann, who will be joining va-Q-tecs Board of Directors, said: va-Q-tec is an emerging leader in its industry, with highly differentiated technology, widely demanded products, and a strong management team. We are delighted to be a shareholder in va-Q-tec and to support its growth as it develops into an industrial champion.
Joachim Kuhn, CEO of va-Q-tec AG, said: We are in the process of massive growth, both in Germany and abroad. As we take va-Q-tec to the next level and become an industrial player on a global scale we are also strengthening our circle of partners and shareholders. Zouk is a valuable partner to support our international growth trajectory. We look forward to working closely with the Zouk team and to benefit from the value they bring to our business.