Reiten & Co acquires Con-Form
Reiten & Co has acquired a 62% stake in Norwegian prefabricated concrete manufacturer Con-Form.
Equity was invested from the Reiten & Co Capital Partners VII fund, which closed at €256m in 2007.
Company
Con-Form, established in 1982, provides prefabricated concrete building envelopes for the apartment and hotel building markets. These building envelopes are understood to account for around 15-30% of the total cost of a building. Based in Oslo, the company employs 320 staff in Norway and Sweden, and recorded revenues of around NOK 570m in 2011.
People
Narve Reiten is founder and chairman of Reiten & Co.
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