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Paroc

Status
Realised
Country
Finland
Strategy
Mid Cap
Sector
Industrials
Entry
Aug-99
Exit
Feb-03
Fund
IK 1997
Website

Market leader in building and technical insulation

Paroc is one of the leading mineral wool insulation manufacturers in Europe. The company develops, manufactures and distributes stone wool products for use by the building industry and other industrial applications.

Paroc’s sales offering includes building insulations for thermal, fire and sound insulation of exterior walls, roofs, floors, basements, intermediate floors and partitions, in addition to technical insulations for HVAC systems, industrial processes, marine and offshore industry and OEM industry

In August 1999, Paroc was acquired by the IK 1997 Fund from the Partek Corporation. It was later sold to Banc of America Equity Partners in February 2003.

Our Value Creation Strategy

During our ownership, we worked alongside the management team to:

  • Expand into new markets in Eastern Europe;
  • Restructure Swedish operations;
  • Strengthen the business’ position in current home markets; and
  • Participate in industry consolidation opportunities.