Industri Kapital creates a leading pan-European pre-cast concrete company through the combination of Bonna Sabla and Consolis.
The combined group will be a leading pure play pan-European precast concrete solutions provider in the Nordic countries, France, the Netherlands as well as the Baltic countries and North Africa with exciting growth opportunities both in the more mature markets as well as in the emerging and developing markets. The new group will have combined sales of more than 1 billion EUR with close to 8,000 employees.
Consolis is the largest precast concrete based solution provider and European manufacturer of structural precast concrete elements such as floors, structures and walls with market leadership positions in the Nordic countries, the Netherlands and the Baltics. Consolis had net revenues of EUR 646 million in 2004 and employed approximately 5,100 people.
Bonna Sabla is the French leader in pre-cast and concrete products operating mainly in the public services markets such as water conveyance, sanitation, civil engineering, urban environment and railway sleepers. Bonna Sabla also has significant business in Spain, the UK and North Africa. Turnover for 2005 is expected to be EUR 400 million out of which 30 per cent is from International markets. Bonna Sabla employs approximately 2,800 people.
The management team will be comprised of managers from both companies and headed by Philippe Milliet, currently CEO of the Bonna Sabla Group.
“The value-enhancing combination of the activities of Bonna Sabla and Consolis is a classical example of Industri Kapital supporting buy and build strategies on a pan-European basis achieving further operational excellence” said Christopher Masek, Partner at Industri Kapital. “The successful combination of the businesses will largely rely on the strong quality and complementary nature of both teams.”
Philippe Milliet, CEO of the Bonna Sabla group said “This is an industry changing combination which provides the new group with a very strong footprint in the Nordic countries, the Netherlands, France and Spain and exciting growth opportunities in both Eastern Europe and North Africa.”
Arto Metsänen, President and CEO of Consolis said “This combination will enable us to provide both the Consolis and Bonna Sabla customers with an enlarged product offering, creates much more of critical mass and allows us to benefit from transfers of best practices.”
For further information please contact:
Christopher Masek, Partner, Industri Kapital, + 44 778 756 87 40
Anne Holm Rannaleet, Partner and Information Director, Industri Kapital, + 46 8 678 95 50
Agnès Riousse, Citigate Dewe Rogerson, + 44 20 7282 1029
Fiona Mulcahy, Citigate Dewe Rogerson, + 44 20 7282 2807
Philippe Milliet + 33 1 46 53 24 14
Arto Metsänen + 358 20 577 5113
Industri Kapital invests mainly in mid-sized companies with strong cash flow and profit improvement potential, operating in mature industries with fundamental underlying growth. Over the years Industri Kapital has developed significant sector experience, principally in the manufacturing and services industries. In the building materials, and construction sectors, Industri Kapital has invested in Paroc, Consolis, Addum and Dyno Nobel in Scandinavia and Laho and Bonna Sabla in France
For further information on Industri Kapital: http://www.industrikapital.com/
For further information on Bonna Sabla: http://www.bonnasabla.com/
For further information on Consolis: http://www.consolis.com/