Industri Kapital Acquires Groupe Etanco
Industri Kapital Acquires Groupe Etanco
Jason Sandefur
Nordic private equity firm Industri Kapital agreed to acquire French fastener firm Groupe Etanco for an undisclosed sum. IK is partnering with CEO Ronan Lebraut and other management, along with members of the founding family, to make the purchase.
Founded in 1952, Paris-based Groupe Etanco designs, manufactures and distributes building fastener and fixing systems, with a range of more than 80,000 products. The company employs 600 people at six sites, including screwmaker Friulsider in Italy, and generates EUR 130 million (US$188.6 million) in annual turnover. Web: etanco.fr
IK said the acquisition was part of its growth strategy in Europe. “We aim to pursue targeted acquisition opportunities in order to broaden the Group’s geographical coverage, thus creating the leading European group specialized in building fastener and fixing systems,” stated IK partner Christopher Masek.
Founded in 1989, Industri Kapital is a European private equity firm that has raised a total of EUR 5.7 billion (US$8.3 billion) and manages portfolio 20 companies with a total turnover close to EUR 7 billion (US$10.2b). Web: industrikapital.com �2008 FastenerNews.com
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