Carlyle sets its sights on Klenk Holz

According to Reuters, the company has also received interest from German special situations investor Orlando Management.

It is understood that Klenk Holz is looking for private equity backing as it battles against rising wood prices and increased competition from the Nordic market.

Klenk Holz reported annual sales of €387m and employs 1,250 people. The company was founded by Albert Klenk over 100 years ago.

Klenk Holz supplies DIY stores and retailers in the construction industry with sawn timber, pressure-treated timber, edge-glued panels, DIY products, kit furniture, construction timber, laminated timber, formwork beams and panels, and inka press wood pallets.

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• Topics
• DACH
• Carlyle Group
• Orlando Management GmbH
• Germany