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AURELIUS successfully completes acquisition of HÜPPE GmbH from Masco

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DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Takeover
01.06.2021 / 07:30
The issuer is solely responsible for the content of this announcement.

AURELIUS successfully completes acquisition of HÜPPE GmbH from Masco

- Acquisition of a leading European producer of shower enclosures, shower trays, wall panels and bathroom accessories

- Firmly established market position and strong order backlog provides solid platform for organic development in a stable and growing market

Munich / London, June 1, 2021 - AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) successfully completed the acquisition of HÜPPE GmbH from Masco Corporation as of May 31, 2021.

HÜPPE is one of Europe's leading manufacturers of shower enclosures, shower trays, wall panels and bathroom accessories. The company currently employs around 470 people at two production sites in Germany and Turkey, as well as six European sales entities. In 2020, HÜPPE generated sales of roughly EUR 70 million, about the same as in the previous year. The good performance despite the corona pandemic reflects the trend of end consumers upgrading their bathrooms and the increasing replacement of bathtubs with more sustainable and barrier-free shower areas. HÜPPE stands for innovation, quality and customer service and is ideally positioned to benefit from these trends.

Together with the management team, AURELIUS plans to drive growth beyond the existing product portfolio and customer base. In addition, AURELIUS will contribute operational know-how to achieve a more sustainable positioning of the group by implementing efficiencies in the purchasing and manufacturing process. This will create the basis for future growth via add-on-acquisitions.

"Hüppe is a successful company in a steadily growing market. We will generate further organic growth on the basis of a well-filled order backlog, including recently acquired projects. Add-on acquisitions in the European core market will provide additional impetus. We look forward to working with the team on the ground," said Matthias Täubl, CEO of AURELIUS Equity Opportunities SE & Co. KGaA.
 

ABOUT AURELIUS

AURELIUS Group is a pan-European investment group with offices in Munich, London, Stockholm, Madrid, Amsterdam and Luxembourg. Since it was founded in 2006, AURELIUS has grown from a local turnaround investor to an international multi-asset manager.

Key investment platforms are AURELIUS European Opportunities Fund and the exchange-listed AURELIUS Equity Opportunities SE & Co. KGaA ("AEO"; ISIN: DE000A0JK2A8, ticker symbol: AR4), which invest in corporate carve-outs and companies with development potential in the mid-market segment (Fund) and in the lower mid-market segment (AEO). An essential aspect of the investment strategy is the operational support given to the portfolio companies by a team of around 100 in-house operating task force experts.

AURELIUS Group also operates in the areas of growth capital, real estate opportunities and alternative debt solutions. AURELIUS Growth Investments invests in leveraged buyouts in mid-market succession situations. AURELIUS Real Estate Opportunities focuses on real estate investments, the value of which can be increased in the long-term by means of active management. AURELIUS Finance Company provides flexible debt solutions to firms across Europe.

With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support to refugees on their way towards a better life.

To find out more, visit www.aurelius-group.com
 

CONTACT

AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799 - 0
Fax: +49 (89) 544799 - 55
E-mail: investor@aureliusinvest.de


01.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

AURELIUS Equity Opportunities SE & Co. KGaA

Ludwig-Ganghofer-Straße 6

82031 Grünwald

Germany

Phone:

+49 (0)89 544 799-0

Fax:

+49 (0)89 544 799-55

E-mail:

info@aureliusinvest.de

Internet:

www.aureliusinvest.de

ISIN:

DE000A0JK2A8

WKN:

A0JK2A

Listed:

Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange

EQS News ID:

1202844


 

End of News

DGAP News Service

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