Mutares SE & Co. KGaA $MUX (+1,6 %) has signed an agreement to acquire the flooring business of Hamberger Industriewerke GmbH.
The company will strengthen the Goods & Services segment as a new platform investment and the transaction is expected to close in the second quarter of 2026, subject to customary regulatory approvals.
The company is a market-leading manufacturer of parquet and other hard floor coverings and operates under the well-known HARO brand.
It has sites in Germany and Bulgaria with two highly automated production facilities and a global distribution network in more than 70 countries.
With over 700 employees, the company produces parquet, laminate, design flooring, sports flooring and acoustic panels. Thanks to advanced production technology and a high degree of automation, the company generates sales of around EUR 150 million.
Founded in 1866, the company can look back on a long tradition and is a market leader in the German parquet market thanks to its strong customer relationships with specialist retailers and DIY store chains.
The company offers a strong platform with compelling value creation potential, an attractive presence in Europe and strong growth momentum in Asia, and is well positioned to benefit from the current market environment.
Johannes Laumann, CIO of Mutares, comments: "The flooring business represents an exceptional opportunity to acquire Germany's leading parquet manufacturer with a globally recognized premium brand. With its strong heritage, modern production capabilities and a clear roadmap for value creation, the business is an excellent fit for Mutares' portfolio. We see significant potential to further strengthen the business in its core markets and accelerate its growth trajectory, particularly in Asia."
