Company News

NORD Holding backs Unicor GmbH market consolidation

20.05.2009

In 2005 NORD Holding Unternehmensbeteiligungsgesellschaft, Hanover, acquired Unicor GmbH headquartered in Hassfurt as a spin-off from the listed Finnish group Uponor, together with the management team of the company. NORD Holding has a stake of 70% and the management team the residual 30%.

Yesterday the Federal Cartel Office authorised the transfer of rights of sale and licences for machinery from the Fränkische Rohrwerke (Königsberg) to Unicor GmbH. Thus Unicor continues to expand its market position and with the support of NORD Holding is able to use the opportunity to actively assist in consolidating the market for corrugators.

"Despite the difficult market environment for engineering companies we wanted to deliberately seize the chance to drive Unicor forward so that they would emerge even stronger from the current financial crisis", stated Robert Pauli, the responsible project manager at NORD Holding.

Unicor will especially benefit in future from the need for sustainable water management. The company possesses special expertise in the production of pipes for water management, according to studies prepared for example by Roland Berger, alone in the EU more than 200 billion Euro will be invested in sewer systems - but also in Eastern Europe, Russia and Asia demand will significantly increase in this sector over the next few years.

"The acquisition of the machine business from Fränkische Rohrwerke will broaden our technical base and strengthen our market position"stated Klaus Kaufmann, managing director of Unicor.

Unicor:

Since its foundation in 1984 the company has evolved very successfully and has strengthened its market position. Unicor GmH is the global partner to pipe manufacturers in the medical, automotive and wastewater management sectors of the markets. The machinery constructed by Unicor is capable of producing pipes with a diameter ranging from 3 mm to 2.4 m.

Today the company has a workforce of 130 at its location in Hassfurt near Würzburg and generates annual sales revenue of € 25 mil. With export share of 90% Unicor is evidence of high quality engineering "made in Germany".

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 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.

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.

All News

Press Contact

If you have any questions or need more information, please contact us.

Address

NORD Holding
Unternehmensbeteiligungsgesellschaft mbH
Christiane Lukas
Walderseestraße 23
30177 Hannover

Email

lukas@nordholding.de