Mutares SE & Co. KGaA has announced its acquisition of HARO, a leading German manufacturer of parquet and hard flooring with approximately EUR 150 million in revenue, aiming to enhance its Goods & Services segment and capitalize on growth opportunities in European and Asian markets, pending regulatory approvals expected by the second quarter of 2026.

Information on the target

The target of this acquisition is a leading manufacturer of parquet and hard flooring in Germany, operating under the well-known brand HARO. With a revenue of approximately EUR 150 million, the company has established a strong presence in Europe and Asia. It operates two highly automated production facilities located in Germany and Bulgaria, supported by a global distribution network that spans over 70 countries. Employing more than 700 staff members, the company specializes in the production of parquet, laminate, design floors, sports floors, and acoustic panels.

Founded in 1866, the company boasts a rich history and has secured a market-leading position in the German parquet market through strong relationships with retailers and DIY chains. This acquisition is expected to enhance the Goods & Services segment of Mutares, providing a robust platform with compelling value creation potential and significant growth dynamics, particularly in Asia.

Industry overview in the target’s specific country

The flooring industry in Germany is characterized by a strong demand for high-quality and sustainable flooring solutions. As one of the largest markets in Europe, Germany has seen a consistent trend towards premi