on Mutares SE & Co. KGaA (isin : DE000A2NB650)
Mutares Successfully Acquires Hamberger Industriewerke's Flooring Business
Mutares SE & Co. KGaA has successfully completed the acquisition of the Flooring Business from Hamberger Industriewerke GmbH. This acquisition marks a strategic expansion in the Goods & Services segment, providing a new platform for growth. The acquired business is a prominent German manufacturer of parquet and hard-flooring products, operating under the brand HARO, with a significant European and Asian market presence.
The company operates two highly automated production sites in Germany and Bulgaria and maintains a global sales network spanning over 70 countries. It boasts over 700 employees and generates roughly EUR 150 million in revenue. Mutares expects significant growth opportunities through product portfolio expansion and exploring international markets.
R. H.
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