OEP acquires Duran Group

OEP stated it planned to expand Duran's global market position and to increase its product portfolio.

Adcuram acquired Duran from Schott in 2005 as part of a corporate carve-out. While under Adcuram's ownership, Duran gained long-term customer contracts, created new products, expanded geographically and invested in its technology. It also made bolt-on acquisitions in the UK and India.

Company
Founded in 1887, Duran manufactures borosilicate glass. It claims this glass is chemical- and temperature-resistant, and is used in laboratory and industrial glassware and chemical processing technology.

Wertheim am Main-headquartered Duran also operates out of the UK, India and Croatia. It generates annual turnover of €100m and has 700 employees.

People
Jörg Zirener is partner and managing director at OEP. Armin Reiche is managing director at Duran. Florian Meise is a member of Adcuram's executive board.

Advisers
Vendor – N+1 (M&A); P+P Pöllath+Partners (Legal); Tracc Legal (Legal); PwC (Vendor due diligence).
Equity – Freshfields (Legal); EY (Financial due diligence).

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• Adcuram Beteiligungs AG