NORD Holding acquires premium floor manufacturer Parador
NORD Holding Unternehmensbeteiligungsgesellschaft mbH is acquiring all the shares in Parador GmbH & Co. KG, which is based in Coesfeld, North Rhine Westphalia. It was sold by the Hüls group in Westphalian Stadtlohn and included Parador's subsidiary companies.
The existing management team, led by chairman Lubert Winnecken, will continue to pursue the business's current course of growth. Winnecken states: "Parador has found the perfect partner in NORD Holding. The Location and workforce offer a firm foundation fom which the business can go on to achieve its full potential and the investments which have been made possible by NORD Holding's acquisition provide the basis for sustainable growth".
With a workforce of around 550 employees, Parador is set to generate revenues of over € 140 m in 2016, and its export share of over 50 % is only set to further increase in the future. "Parador has undergone remarkable developments in the past few years. We are convinced by the business's outstanding position across various sectors and by the strength of its innovation. We look forward to further collaboration with Parador's management team and with its workers", explains Matthias Kues, spokesperson for the executive board of NORD Holding.
About Parador (www.parador.de):
Since its establishment in 1977, Parador GmbH & Co. KG has grown to become one of the leading manufacturers of high quality systems for wall and floor design. Its range of products comprises laminated, parquet, panel and wood flooring, alongside elastic floorings which are produced in its German headquarters in Coesfeld and at its Austrian location in Güssing. The highest standard in technology, materials and surface finishing guarantee its worldwide success: Parador was distinguished by international awards for its exceptional product design, including the red dot design award, the Interior Innovation Award and the German Design Award. As a traditional manufacturer which processes wood, Parador is familiar with the responsible use of natural resources and sets itself environmental standards for materials, production, packaging and logistics. Since 2011 Parador has been partnered with "Plant for the Planet", which advocates worldwide reforestation and climate justice.
About NORD Holding
With its 50-year history and over € 2.0 billion assets under management, NORD Holding is one of the leading private equity asset managers in Germany with a focus on direct and fund investments.
The fund investments division targets the small- and mid-cap segment of the European private equity market through primaries, secondaries and co-investments.
NORD Holding has a strong focus on emerging buyout managers, hands-on investment strategies and regularly acts as an anchor investor. The division manages € 1.3 billion and ranks among the top decile fund investment groups in Europe.
The direct investments division of NORD Holding focuses on structuring and financing company succession models, acquiring parts of larger groups/subsidiaries as well as on expansion financing of medium-sized companies. In contrast to most other financial investors, who only manage closed-end funds, NORD Holding acts as a so-called "evergreen fund", thereby investing from its own balance sheet with no maturity restrictions. Currently, the fund has interests in more than 15 companies in the DACH region.