- Biggest transaction in Mutares history strengthens successful growth path
- Target Company with revenues of more than EUR 600 million
- Manufacturer and distributor of home improvement products
Munich/Paris, 1 June 2021 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully closed the acquisition of Lapeyre SAS and its subsidiaries from Saint-Gobain, a manufacturer and distributor of home improvement products on the French market.
The acquisition marks the biggest transaction in the Mutares history with a size of over EUR 600 million in revenues. Lapeyre will strengthen the Goods & Services segment as a new platform investment. The company manufactures and distributes home improvement products for the exterior and interior, such as windows, doors, kitchens and bathroom furniture. The company operates 10 factories, supplying an extensive network of 131 shops in France. This historic brand is well known in the French market and is daily promoted by its 3,400 employees.
The company’s vertically integrated model from production to distribution enables innovation, competitiveness and the rapid introduction of new products to the market. With Marc Ténart, as newly appointed President of the Group, Lapeyre will capitalize on its fundamental strengths and profitably develop its product range and network. He further comments: “Lapeyre is a historic player in the home improvement sector, which has developed over the years unique know-how in the manufacture and marketing of home improvement products. With all its employees we share a common desire: to relaunch Lapeyre and define new development prospects in a resilient market.”
“For Mutares, this transaction marks a step up of Mutares France and proves our ability to close larger deals and to be a trusted party for large corporates like Saint-Gobain. We are confident to now define the necessary actions for the success of Lapeyre,” comments Johannes Laumann, CIO of Mutares.