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Business
Investment Firm Targets Zoltek
by Michael McCoy
March 11, 2013
| A version of this story appeared in
Volume 91, Issue 10
Quinpario Partners, an investment firm founded by former Solutia executives, disclosed that it has acquired a 10.13% stake in the St. Louis-based carbon fiber maker Zoltek. Quinpario, led by former Solutia CEO Jeffry N. Quinn, says it is impressed with Zoltek’s technology but believes the firm isn’t executing on its strategic plan. Quinpario wants to call a special shareholder’s meeting to replace Zoltek’s board. Zoltek CEO Zsolt Rumy says he won’t call the special meeting.
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