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The IK VIII Fund, advised by IK Investment Partners (“IK”), has reached an agreement to acquire Granite Holding GmbH (“SCHOCK” or “the Company”), the world’s leading granite kitchen sink manufacturer. Financial terms of the transaction are not disclosed. Completion of the transaction is subject to customary legal and regulatory approvals. The acquisition of SCHOCK marks the IK VIII Fund’s second investment in Germany.
SCHOCK is the inventor of the manufacturing technology commonly used in the production of granite kitchen sinks and has been the worldwide technology and quality leader in this field for over 30 years. The patented combination of quartz with top-quality acrylic forms a premium compound product that is three times as hard as natural granite and is also superior in terms of many product characteristics to kitchen sinks made from other materials (e.g. stainless steel, ceramics). The SCHOCK range of products comprises sinks for every conceivable kitchen style and taste. Customers in over 70 countries rely on SCHOCK products manufactured exclusively at the company’s headquarters in the Bavarian Forest.
About IK Investement Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France and Benelux. Since 1989, IK funds have raised more than €7.5 billion of capital and invested in over 100 European companies. IK funds support businesses with strong underlying potential, partnering with management teams to create robust, international leaders with excellent long-term prospects.
Georg Hochleitner Partner E-MAIL