The Gores Group Acquires Melle Dachbaustoffe and SIG Deutsche Dachbaustoffe, 2 distributors of building products
Los Angeles, CA, February 4, 2014 The Gores Group, a global investment firm, today announced that it has agreed to acquire Melle Dachbaustoffe GmbH and SIG Deutsche Dachbaustoffe GmbH from SIG plc (LSE: SHI), a leading distributor of building
products in Europe. The Gores Group will invest through its Small Capitalization Partners investment fund.
Both companies are market leading specialist distributors of roofing products to the German market. The companies maintain an extensive multi-region branch network with a comprehensive product and service offering and excellent relationships with their
customers and suppliers.
Christoph Nielacny, Managing Director of both companies stated, with an extensive track record of successful carve-out transactions, Gores is the ideal partner for us to provide the necessary financial and operational support to complete a seamless transition out of SIG and position the business for growth.
Melle and SIG Deutsche Dachbaustoffe participate in the resilient German construction market and we are excited about the opportunity to support Mr. Nielacny and his team, said Jon Gimbel, Principal of The Gores Group. We look forward to investing in the growth strategies of the business, including expanding its existing product offering and providing capital to support its acquisition strategy.
Source: Press Release on www.gores.com