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PINOVA Capital together with Walter Deuring (Senior Management of Deurowood Produktions GmbH, herafter “Deurowood”) have signed a definite agreement to acquire 100% of the shares in Deurowood from Deurotech Group, which in turn is owned by funds advised by HANNOVER Finanz and WD DTG Beteiligungsgesellschaft.
Deurowood, headquartered in Hard, Austria, is a leading global manufacturer of highly innovative additives to the wood processing, laminating and furniture as well as to the fibre composites industries. Its products are used to enhance the characteristics of the end products and increase production process efficiency.
With the sale of the company, Deurotech Group wants to refocus on its core capabilities, being machinery and plant engineering for the wood processing industry. For PINOVA Capital, the transaction marks a further investment into the specialty chemicals segment. After closing of the transaction, the new shareholders together with the management aim to further strengthen Deurowood's leading market position and to further continue its profitable growth.
goetzpartners Corporate Finance GmbH acted as sole financial advisor to Deurotech Group.
About Deurotech Group (Customer)
Deurotech Group is a globally operating industrial group comprising specialist suppliers to the wood processing industry, namely Vits Technology, IFA Technology, Wessel Umwelttechnik and Deurowood.
About Deurowood (Target)
Deurowood Produktions GmbH is a leading and highly innovative manufacturer of specialty chemicals to the wood processing industry with long lasting blue chip customer relationships. The Company is headquartered in Hard, Austria.
Christian Muthler, Managing Director, goetzpartners E-Mail