Nord Holding acquires Ruf-Bett and Parador

Parador was acquired directly from Hüls, while the GP bought Ruf-Bett from the group's subsidiary Rolf Benz.

Hüls sold the assets as part of its restructuring process. Nord Holding said both businesses are profitable and there are no plans to replace the current management team. There are also no plans to make drastic changes in either company's strategy.

Both assets were acquired via separate auction processes run by Lazard.

The buyouts are leveraged at less than 50%, with Suedwest Bank and Reifeisen Landesbank Niederoesterreich Wien providing debt for Parador, and Sparkasse Hannover and Kreissparkasse Bieberach financing the Ruf-Bett acquisition.

Company
Based in Rastatt and founded in 1926, Ruf-Bett was integrated into the Hüls business group in 1998. The company manufactures upholstered and box spring beds, mattresses and spring wood frames. It employs 200 people.

Founded in 1977 and based in Coesfeld, Parador produces floorings such as parquet and laminate, as well as ceiling panels. The business employs 550 people and has a turnover of €140m.

People
Nord Holding – Matthias Kues (spokesperson for the executive board).

Advisers
Equity – CMS Cologne, Klaus Jaeger (legal); KPMG Stuttgart, Simon Faiss (financial due diligence); Maconda, Rainer Mayer (commercial due diligence); Willis (insurance due diligence); Geo Data (environmental due diligence); KPMG Stuttgart (tax).

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• Topics
• Buyouts
• DACH
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• Nord Holding
• Germany