Mutares has signed an agreement to acquire the Flooring Business of Hamberger Industriewerke GmbH, a leading manufacturer in the hard flooring sector with annual revenues of €150 million, to enhance its Goods & Services segment and capitalize on growth opportunities in both established and emerging markets.

Information on the target

Mutares has signed an agreement to acquire the Flooring Business of Hamberger Industriewerke GmbH, a leading manufacturer in the hard flooring sector with annual revenues of €150 million. This acquisition will enhance Mutares' Goods & Services segment by adding a new platform investment that is well-positioned in the market.

The HARO-branded business operates two highly automated production facilities located in Germany and Bulgaria, supported by a robust global sales network that spans over 70 countries. With a workforce of more than 700 employees, the company specializes in manufacturing a diverse range of products including parquet, laminate, design flooring, sports flooring, and acoustic panels.

Industry overview in the target’s specific country

The flooring industry in Germany is characterized by a strong demand for high-quality products, driven by both residential and commercial construction activities. As one of the largest markets in Europe, Germany boasts a well-establishe